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Thailand to Test Crypto Payments for Tourists with Phuket Pilot Project

Fintech News

Speaking at a seminar hosted by the Marketing Association of Thailand, Pichai outlined the governments plan to experiment with cryptocurrency in tourism-heavy locations like Phuket. The trial will focus on enabling tourists to use their digital assets while adhering to the countrys existing legal frameworks.

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Asia Moves to Regulate Stablecoins Amid Growing Adoption: Report

Fintech News

This stablecoin has a market capitalization of more than US$10 million, according to Coinmarket cap, and has seen over US$8 billion in transaction volume. Most recently, a new bill has been submitted to update the PSA to better regulate cryptocurrencies and payment services.