Binance Supports Thaksin’s Bitcoin Pilot Proposal
Binance Thailand supports former Prime Minister Thaksin Shinawatra’s idea of using Phuket as a Bitcoin payments sandbox to attract tech-savvy tourists and investors. Gulf Binance CEO Nirun Fuwattananukul highlighted Thailand’s potential to lead digital innovation while urging caution. He stressed the need for a regulatory framework that addresses volatility and currency stability risks. The pilot project can help Thailand learn from global examples and bring the use of cryptocurrencies in line with its economy, and will require cooperation between the Bank of Thailand and the U.S. Securities and Exchange Commission for effective implementation.
