Crypto adoption has been prevalent all over the world and more countries have been proactively thinking about it. While there are plenty of reasons for adopting crypto, one of the biggest ones is the tremendous returns that it offers. Believe it or not, very few countries were open to adopting crypto trading initially. As time passed, however, perceptions started to change and people came to the realization that crypto trading was indeed something that was worthwhile.
This became clearer when more and more people started reporting high returns from their crypto investments. It just went on to prove that crypto trading is something that people should be taken seriously. Slowly but surely, many countries started to ease their restrictions regarding crypto trading. Initially, most of them used to be quite strict because they thought that it was not safe. As time has passed, however, crypto trading has become quite safe and incidents of scams and frauds have reduced.
While they have not been eliminated completely, they are quite less as compared o before. Recently, the government of Thailand came forward and proposed that it intends to become lenient when it comes to the matter of crypto investing and trading. Officials from this country went even as far as claiming that they intend to become crypto-friendly. While there haven’t been any extensive reports that discuss how crypto-friendly Thailand would be, there is a huge chance that mass adoption will take place.
This suggests that crypto trading could soon become the new norm in many more countries. With the recent announcement that Thailand made, many people are left to wonder why the government took so much time. While there is no definite answer to this, there are a few things that suggest why the government took this decision. One of the biggest reasons could be the fact that Thailand is one of the most visited tourist destinations all over the world. With people visiting this place from different parts of the globe, a wide-scale crypto adoption makes total sense.
Sure, it may not happen right away, but the wheels are already in motion and there could be huge changes in the near future. With more people using cryptocurrencies now than ever, it is expected that more tourist-friendly nations will make the announcement of becoming crypto-friendly. For now, however, the news from Thailand has been a very positive one and crypto communities all over the world are enthusiastic about it. It remains to be seen how big of an impact would make, but the belief is that the transition will be incredibly swift and for everyone’s liking.