An initiative from a Thailand governmental agency to amp up the gross domestic product (GPD) via catering to crypto digital nomads is reportedly going to be finalized soon. 

Specifically, The Tourism Authority of Thailand (TAT) has reportedly been investing resources in rolling out its self-developed utility token dubbed TAT Coin since September, as included within the scope of a planned “crypto tourism” campaign.

The initiative reportedly has a primary goal of reeling in crypto wealthy digital nomads, with the TAT organizing talks with the Stock Exchange of Thailand to finalize the TAT Coin’s issuance.

As revealed via a report generated by the Bangkok Post on November 24th, the infrastructure supporting the TAT Coin is “ready” to be introduced, with the final step being to secure a regulatory go-ahead from the Thai authority. 

During his speech at the “Transform tourism with cryptourism” conference on November 23rd, Jirayut Srupsrisopa, the founder and Head of local crypto exchange Bitkub, reportedly called for policymakers to offer their approval for the release of TAT Coin. 

“Private sectors are ready to provide digital infrastructure, but we’re just waiting for the government to press the button by enacting laws, regulations, or even policies to help facilitate digital asset markets. Our national GDP could grow six times if we can strengthen this market”. 

TAT governor Yuthasak Supasorn reportedly shared further explanation, claiming that the cryptourism campaign is made up of “building a new tourism ecosystem which utilizes digital technologies to allow wealthy populations, including cryptocurrency holders, to channel their money directly to tourism operators without agents or brokers.”

Supasorn additionally stated that the development would provide significant assistance to the recovery of local businesses, heavily affected by the drop in tourism capital getting into the nation, caused by the global health crisis.