Odaily News Thailand plans to launch a cryptocurrency sandbox program in Phuket in October this year. Former Prime Minister Thaksin Shinawatra announced the plan during the ASEAN economic discussions.
The sandbox will focus on stablecoins to minimize risk while allowing for innovation. This controlled testing environment will allow businesses and consumers to experiment with cryptocurrency transactions, particularly in the travel industry.
Gulf Binance CEO Nirun Fuwattananukul welcomed the project and said the sandbox approach provides a balanced framework for testing cryptocurrency adoption while maintaining regulatory oversight. (Bangkok Post)