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Bitcoin Legal Tender In Thailand? Here’s What’s Happening

  • Thailand is considering adopting Bitcoin as legal tender, following the footsteps of El Salvador.
  • Currently, Bitcoin is legal to own and trade in Thailand, but not recognized as legal tender.
  • The adoption of Bitcoin as legal tender in Thailand could have significant economic impacts, such as enhancing financial inclusion, attracting foreign investments, and reducing transaction costs.
  • The move faces challenges including regulatory hurdles, lack of legal frameworks, volatility, and cybersecurity risks.

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