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Binance Backs Thai Bitcoin Dreams – But There’s a Catch!

  • Binance supports former Thai PM Thaksin Shinawatra's proposal for Bitcoin payments, emphasizing the need for risk assessment.
  • Binance advocates for a sandbox approach to test crypto payments, allowing regulatory monitoring while businesses gain practical experience.
  • Binance successfully established operations in Thailand through a partnership with Gulf Energy and became Southeast Asia's first licensed exchange.
  • Thailand's restricted currency system poses challenges for Bitcoin payments, but Binance sees the initiative as a positive step.

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