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7.17 AI Daily AI and Physics Integration Leading a New Wave of Technology Booming Digital Economy
1. Headlines
1. The wave of artificial intelligence rises again. Huang Renxun claims the next opportunity is "Physical AI".
At the site of the third Chain Expo's advanced manufacturing chain themed event, Nvidia founder and CEO Jensen Huang stated that the next wave of artificial intelligence is Physical AI(PhysicAI). He explained that artificial intelligence is a new way of doing software, replacing human coding to describe algorithms to predict outcomes based on fundamental principles. We use algorithms to learn and predict outcomes from instances, information, and data, and this approach has proven to be highly scalable.
Jensen Huang believes that physical AI will become an important direction for the future development of artificial intelligence. Traditional software requires manual coding, while physical AI automatically generates algorithms by learning from data, significantly improving development efficiency. Furthermore, physical AI can be applied in various fields such as manufacturing and healthcare, providing solutions to real-world problems. He emphasized that Nvidia will continue to increase its investment in infrastructure such as AI chips and systems to prepare for emerging technologies like physical AI.
Industry insiders analyze that the concept of physical AI originates from the breakthrough applications of machine learning algorithms in the field of physics in recent years, such as protein structure prediction and molecular dynamics simulation. In the future, physical AI is expected to play an important role in areas like new material design and renewable energy development. However, it also needs to address many technical challenges such as computing power and algorithms to truly achieve industrialization.
2. OpenAI Founder: AI Demand is Limitless SoftBank Plans to Deploy 1 Billion AI Agents
At the "SoftBank World Conference" held on July 16, OpenAI founder Sam Altman and SoftBank Group founder Masayoshi Son discussed the future of artificial intelligence. Both believe that the demand for AI is endless, and data centers will continue to expand to meet computing power needs.
Altman stated that AI will not suffer from diminishing marginal returns; as costs decrease, usage will actually surge. He predicts that in the future, everyone may have their own personal AI assistant to serve all aspects of life and work. Masayoshi Son revealed that SoftBank is planning to deploy one billion AI agents to create a dedicated AI ecosystem.
Analysts point out that AI is shifting from concept to practical application, and the demand for computing power and infrastructure will grow exponentially. Major tech companies are increasing their investments and deployments in AI, aiming to seize future dominance. However, at the same time, the ethical and security issues surrounding AI also need to be addressed to avoid the risks of losing control.
In addition, the impact of AI on the job market is also worth noting. On one hand, AI will replace some repetitive job positions; on the other hand, new AI positions will emerge in large numbers, creating a strong demand for talent. How to achieve human-machine collaboration and promote sustainable social development will be a major issue to be addressed in the future.
3. Trump lays out AI and cryptocurrency for Truth Social's path to super app
The Trump Media & Technology Group ( TMTG, under former U.S. President Trump, is paving the way for the development of AI and cryptocurrency on its social platform Truth Social. TMTG recently applied for two trademarks, "Truth Social AI" and "Truth Social AI Search," with the U.S. Patent and Trademark Office, aiming to integrate artificial intelligence features into Truth Social.
At the same time, TMTG is actively laying out its plans in the cryptocurrency asset field, including establishing a Bitcoin treasury and applying for multiple cryptocurrency ETFs. Analysts believe that these initiatives aim to turn Truth Social into a one-stop digital ecosystem that integrates "reliable information, non-woke news, and entertainment."
However, TMTG's expansion plan also faces considerable challenges. The financial report shows that the company incurred a loss of over 31 million USD in the first quarter of 2023, with single revenue streams and weak user growth. Whether the AI and cryptocurrency businesses can become new growth points remains to be seen.
In addition, Truth Social has been controversial in terms of speech censorship and the spread of misinformation. How to pursue "non-wokeness" while avoiding becoming another "hotbed of misinformation" will also be a challenge that TMTG needs to face.
) 4. Bitcoin's dominance is challenged, is the altcoin season seeing a revival?
Data shows that Bitcoin's dominance ###BTC.D( is facing key technical resistance, which may trigger a new round of altcoin market activity. Analysts predict that if BTC.D breaks below the resistance level, it will lead to strong altcoin performance, possibly entering a new "super cycle."
The Bitcoin dominance index reflects the proportion of Bitcoin's market capitalization in the overall cryptocurrency market. When this index falls, it usually indicates that funds are flowing into other altcoins. Historically, altcoin rallies tend to occur after the Bitcoin dominance peaks.
Industry insiders point out that payment tokens such as XRP, XLM, HBAR, etc. have started to rise, while large-cap cryptocurrencies like BNB, LINK, and ADA remain at low levels, potentially becoming the next targets for capital rotation. In addition, the Solana ecosystem and emerging projects like SUI and APTOS are also worth paying attention to.
However, some analysts remind that altcoin markets are often highly volatile, and investors should remain cautious. If Bitcoin can break through the $120,000 mark, the top 20 mainstream coins by market capitalization may collectively experience a rise, which could also suppress the altcoin market.
) 5. Ripple and SWIFT's New Struggle: Can XRP Lead the Next Wave of On-Demand Settlement?
XRP community members have recently attracted attention, believing that this altcoin may play an important role in on-demand settlement. This comes at a time when the crypto company Ripple has made progress in its bid to overthrow SWIFT.
On-demand settlement refers to the process in cross-border payments where the local currency is exchanged for foreign currency only at the final step, thereby reducing currency risk exposure. This model is considered the future direction of international settlement. XRP, with its fast and low-cost characteristics, is being viewed as a potential tool to promote on-demand settlement.
Analysts say that if XRP can really make breakthroughs in the on-demand settlement field, it will have a huge impact on the existing international settlement system. SWIFT, as a traditional system, has always had flaws in efficiency and transparency, and XRP may become a strong alternative.
However, there are also views that whether XRP can truly achieve on-demand settlement still requires support and recognition from regulatory agencies. After all, cross-border payments involve sovereign finance, and any changes need government involvement. Therefore, whether Ripple can promote innovation under the premise of regulatory compliance will be a key factor in determining the future of XRP.
2. Industry News
1. Bitcoin breaks through $120,000 new high, altcoin season may restart
Bitcoin has been continuously rising since the end of 2022, surpassing the $120,000 mark in 2025, with a total market capitalization exceeding $2.3 trillion. As optimism sweeps through the market once again, numerous Wall Street analysts and investment celebrities have consecutively issued BTC price predictions reaching up to millions or even billions of dollars.
Analysts believe that the recent rise in Bitcoin is mainly driven by institutional funds entering the market, geopolitical tensions, and inflation expectations. At the same time, the halving effect of Bitcoin's supply is also playing a role, increasing its scarcity and value.
However, some investors are concerned that the price of Bitcoin has become overheated, posing a risk of profit-taking. On-chain data shows that although short-term holders are still overall in profit, multiple indicators suggest that the market has entered a high-risk zone, which may signal that a local top is approaching.
Meanwhile, a significant amount of funds is flowing into leading altcoins like Ethereum, causing Bitcoin's dominance to drop sharply to 63.2%. Analysts are debating whether the era of Bitcoin's supremacy is coming to an end, ushering in a new season of altcoins.
2. Ethereum breaks through the $3200 mark, on-chain activity reaches a new high.
The price of Ethereum continues to rise after breaking through $3220, currently in a strong bullish trend. Analysts expect that ETH may test the resistance level of $3500 in the short term.
The main reasons driving the rise of Ethereum include the entry of institutional investors, the continuous development of the DeFi ecosystem, and the expectations of capital unlocking after the Shanghai upgrade. Data shows that yesterday, BlackRock's Ethereum spot ETF ETHA had a net inflow of $500 million, reflecting institutional favor towards ETH.
Meanwhile, the activity on the Ethereum chain has also reached a new high. The total locked value in Layer 2 has risen to $38.89 billion, with a 7-day increase of 11.8%. The increase in on-chain transaction activity not only reflects the prosperity of the DeFi ecosystem but also strengthens investors' confidence in the long-term value of Ethereum.
However, some analysts warn that Ethereum's key resistance is at $3980. If it breaks through, it will face a strong rally, but at the same time, there is a risk of profit-taking. Investors need to closely monitor changes in on-chain data and cautiously manage risks.
3. Solana ecosystem Meme coins are rising, BONK increased by 30% in 24 hours.
The Solana ecosystem's Meme coins are experiencing a general surge, with BONK rising 30% in 24 hours, currently priced at $0.000039; FARTCOIN has increased by 18% in 24 hours.
Analysts believe that the rise of Meme coins in the Solana ecosystem is primarily driven by popular projects such as Pump.fun. The high revenue generated by Pump.fun within the Solana ecosystem has attracted more market attention, highlighting Solana's potential as a high-performance blockchain.
In addition, Solana ecosystem investors who participated in the initial token offering of Pump.fun tend to reinvest their profits into SOL, further boosting its demand and price.
However, some analysts point out that the model of Pump.fun is just a conventional consumer business process and will not directly lead to a decline in the price of SOL. However, its high revenue has indeed attracted more developers to build projects on Solana, which may drive a revaluation of SOL as an investment-grade consumer protocol.
Overall, the trend of the Solana ecosystem's Meme coins reflects the activity and development potential of the ecosystem, but investors should also be wary of potential bubble risks.
4. Cryptocurrency stocks are rising, with Circle and Coinbase leading the way.
Cryptocurrency stocks generally rose, with Circle up 19.39% and a trading volume of $9.796 billion; Coinbase up 2.62% and a trading volume of $5.749 billion.
Analysts believe that the rise in cryptocurrency stocks is mainly driven by the increase in prices of major cryptocurrencies such as Bitcoin. As the crypto market continues to heat up, investors are becoming more optimistic about the earnings prospects of related companies.
In addition, companies like Circle and Coinbase have recently made moves in the fields of stablecoins and payments, which have supported their stock prices. Circle is promoting the global development of USDC, while Coinbase has launched the Base App, which integrates wallet, social, and payment functions.
However, some investors are concerned that the valuations of cryptocurrency stocks are already too high. Once the market experiences a correction, the performance and stock prices of these companies will also be impacted. Therefore, investors need to carefully assess the risks.
Overall, the performance of cryptocurrency stocks reflects the market's optimistic expectations for the future development of the cryptocurrency industry. However, investors should also be wary of potential bubble risks.
5. The EU anti-money laundering agency warns crypto companies to comply with new regulatory requirements.
The EU anti-money laundering agency has issued a warning to the cryptocurrency industry, demanding that companies comply with the upcoming stricter regulatory requirements, including a ban on anonymous wallets and privacy coins.
New regulations require regulatory agencies to review the actual owners and shareholder backgrounds of cryptocurrency service providers to ensure they are not involved in money laundering or terrorist financing activities. Cryptocurrency companies are also required to provide government agencies with direct, real-time, and unfiltered access to account data.
These measures will be fully implemented by July 2027, aimed at strengthening regulation of the cryptocurrency industry and preventing illegal activities such as money laundering and terrorist financing.
Analysts believe that the implementation of the new regulations will increase compliance costs for crypto companies, which may lead to some small businesses exiting the market. However, in the long run, it will be beneficial for the healthy development of the cryptocurrency industry.
However, some industry insiders are concerned that excessive regulation could stifle innovation and question whether government agencies have the capacity to effectively regulate the cryptocurrency industry.
Overall, the new EU regulations reflect the regulators' concern about the risks of cryptocurrencies, and the industry needs to be well-prepared to respond.
6. Pi Network Price Prediction: Will 620 million tokens being unlocked before the end of this year lead to a significant crash?
The recent market situation of Pi Network has been sluggish, and by the end of this year, 620 million Pi coins will be unlocked and enter circulation, raising concerns about price pressure and liquidity.
Analysts warn that Pi needs decentralization, partnerships, and exchange listings to avoid a long-term decline. Currently, Pi is still a centralized project, lacking real use cases, and may trigger a sell-off after token unlock.
However, some members of the Pi community are optimistic about the long-term prospects of the project. They believe that as the Pi ecosystem gradually materializes, the demand for tokens will continue to grow, which can help alleviate the unlocking pressure.
In addition, some analysts predict through AI models that in 2026-2027, the price of Pi may exhibit two entirely different trends, with development progress and market sentiment being the key drivers.
Overall, the trend of the Pi Network has significant uncertainty, and investors need to closely monitor the project's progress and cautiously manage risks.
7. Ruvi AI is expected to surpass Avalanche in 2025, becoming the new generation blockchain star.
Avalanche has always been a leading project in the blockchain space, but analysts are now focusing on Ruvi AI, believing that it combines blockchain and artificial intelligence, and is expected to surpass Avalanche by 2025.
Ruvi AI combines AI with blockchain to provide users with low-threshold, high-return investment opportunities. Compared to Avalanche coin, Ruvi AI's token price is more affordable, attracting a large number of retail investors.
In addition, Ruvi AI has enhanced investor confidence through auditing and compliance. Analysts believe that as Ruvi AI's ecosystem further develops, it will attract more capital inflow.
However, some individuals have raised concerns about the sustainability of Ruvi AI. They believe that Ruvi AI currently lacks real use cases and that there is uncertainty regarding its future development prospects.
Overall, Ruvi AI has attracted market attention with its innovative business model, but its long-term development remains to be tested over time. Investors need to conduct in-depth research on the project and view potential opportunities and risks rationally.
3. Project News
1. Mira Verify: AI verification service providing solutions for the "truth issues" of the internet.
In this era where AI-generated content is on the rise and distinguishing truth from falsehood is becoming increasingly difficult, the internet is facing a severe "crisis of truth." The proliferation of AI-generated false content, misinformation, and the lack of accountability is flooding the web at an unprecedented pace. Without an effective mechanism to verify the truth, society will face significant negative repercussions.
To address this challenge, the AI infrastructure Mira Network has launched the AI verification service Mira Verify. This service supports the extraction of all factual claims from any content and broadcasts these claims to the network. Each node in the network will host an AI model to independently verify these claims and validate the content.
The innovation of Mira Verify lies in its utilization of the decentralized and immutable characteristics of blockchain, combined with the powerful analytical capabilities of AI technology, to establish a reliable authenticity verification mechanism for internet content. Anyone can publish content on the platform and obtain verification without relying on any centralized institution.
This project is expected to have a profound impact on the internet. As AI-generated content continues to increase, ensuring the authenticity and credibility of content will become increasingly important. Mira Verify provides an innovative solution to address this issue, helping to maintain the integrity and trustworthiness of the internet.
Industry insiders have welcomed the project. Analysts point out that Mira Verify offers a new approach to verifying the authenticity of internet content, with broad application prospects. However, there are also concerns that the project may face various challenges, including technical and regulatory issues, during its implementation. Overall, Mira Verify brings a glimmer of hope to the "truth issue" of the internet.
2. The Sui ecosystem is accelerating its expansion, and Move-based projects are drawing attention.
As an emerging blockchain ecosystem, Sui has developed rapidly in recent times, with its ecological projects and token prices attracting widespread market attention.
Sui is a Layer 1 blockchain that uses the Move language, created by former members of the Meta blockchain team. Since the project's white paper was released in April 2022, it has been dedicated to building a high-performance, low-cost blockchain infrastructure.
Recent developments show that the Sui ecosystem is accelerating its expansion. Its token SUI experienced a surge in price shortly after its launch, with a market cap exceeding $10 billion at one point; at the same time, the number of projects within the ecosystem is also continuously increasing. Currently, well-known projects such as Cetus and Navi have already settled in the Sui ecosystem, with more projects in incubation.
The rapid development of the Sui ecosystem is mainly attributed to its innovative technical architecture. The project utilizes a brand-new parallel execution engine that significantly enhances transaction throughput; at the same time, its underlying consensus mechanism achieves a high degree of scalability. In addition, the Sui ecosystem is highly compatible with mainstream ecosystems such as Ethereum, which is beneficial for ecological construction.
Analysts believe that the rise of the Sui ecosystem will bring new vitality to the blockchain industry. As a representative project of the Move language, Sui is expected to promote the development of the Move ecosystem and inject new innovative power into the industry. However, there are also concerns that the current high popularity of the Sui ecosystem may be a bubble, and it could face adjustments in the future.
Overall, the development of the Sui ecosystem is worth continuous attention. As an emerging blockchain ecosystem, its innovative technology and ecological construction will have a profound impact on the industry.
3. GoPlus Security upgrades its product line to provide full lifecycle protection for We assets.
With the continuous development of the We ecosystem, security issues have received increasing attention. To address this challenge, GoPlus Security has announced an upgrade to its product line, aiming to provide full lifecycle protection for We assets from issuance to trading.
GoPlus Security is a company focused on We security, with a product line that includes Token Protocol, Token Locker, and GoPlus Intelligence.
The Token Protocol provides open-source audit templates for contract development, ensuring the security of contract code; the Token Locker implements trusted custody for over 4,000 tokens, covering most Alpha projects; while GoPlus Intelligence offers AI-driven real-time risk assessment for more than 40 chains.
According to statistics, in the first half of 2025, the security losses of the We ecosystem have reached 2.47 billion dollars. The product upgrade from GoPlus Security aims to build a "security foundation" for the We ecosystem similar to HTTPS, making security the default option for We, rather than an optional one.
The innovation of GoPlus Security lies in its comprehensive security protection throughout the entire lifecycle of assets, from issuance, locking, to trading, ensuring asset safety from all angles. This approach is expected to have a profound impact on the We ecosystem, enhancing user confidence and trust in the We applications.
Insiders have welcomed this. Analysts point out that as the We ecosystem continues to expand, security issues will become a key factor restricting development. GoPlus Security provides an effective way to solve this problem, which helps the healthy development of the We ecosystem. However, there are also concerns about whether the company's products can cover all scenarios and whether there are any vulnerabilities, which need further observation.
Overall, the product upgrade of GoPlus Security has brought new security guarantees to the We ecosystem, a move that deserves high attention from the industry.
4. Economic Dynamics
1. The Federal Reserve keeps interest rates unchanged, with a neutral to pessimistic economic outlook.
The US economy is expected to maintain moderate growth in the first half of 2025, but there is uncertainty surrounding the outlook. According to the latest Beige Book report released by the Federal Reserve, most regions anticipate that economic activity will remain flat or weaken slightly, with only a few regions expecting expansion. Overall inflationary pressures have eased somewhat, but still remain above the 2% target level.
Important event: The Federal Reserve decided to maintain the federal funds rate in the range of 5.25%-5.5% during its monetary policy meeting in July. This decision aligns with market expectations and reflects the Federal Reserve's cautious attitude towards the economic outlook.
Market reaction: Investors reacted mildly to the Federal Reserve's decision. U.S. stocks rose slightly, and the dollar index remained largely stable. The market expects the Federal Reserve to pause the rate hike cycle at the September meeting and initiate a slight rate cut before the end of the year.
Expert analysis: Goldman Sachs chief economist Jan Hatzius stated that despite moderate economic data, inflation remains high and the labor market is still tight, making it difficult for the Federal Reserve to quickly shift to a loose monetary policy. He expects the Federal Reserve to start gradually lowering interest rates in the first half of 2026.
2. China's second quarter GDP grew by 6.3% year-on-year, and the pace of economic recovery has accelerated.
According to data released by the National Bureau of Statistics of China, the GDP for the second quarter of 2025 is expected to grow by 6.3% year-on-year, higher than the 4.5% growth rate in the first quarter, indicating a further acceleration in the pace of economic recovery.
Economic Background: Against the backdrop of gradually diminishing impacts of the pandemic and the implementation of policy stimulus measures, the Chinese economy shows a stable and improving trend. In the first half of the year, GDP grew by 5.5% year-on-year, aligning with the expected target of approximately 5.5% set at the beginning of the year.
Important events: In response to downward economic pressure, the Chinese government has introduced a series of policy measures, including increased fiscal spending, maintaining a stable monetary policy, and expanding consumption, to inject momentum into the economy.
Market reaction: China's economic data exceeded expectations, benefiting the A-share market, with both the Shanghai and Shenzhen stock exchanges showing a broad-based rally. The RMB against the US dollar has risen slightly. Market participants believe that economic stabilization and recovery will bring more opportunities to the capital market.
Expert Opinion: Liu Jipeng, Director of the Chongyang Institute for Financial Studies at Renmin University of China, stated that the Chinese economy is currently in a phase of recovery growth, and it is expected to continue its recovery trend in the second half of the year. At the same time, it is necessary to be vigilant about the hidden risks in areas such as inflation and real estate.
3. The inflation rate in the EU has been above the 2% target for the tenth consecutive month.
According to data from the European Union's statistical office, the inflation rate in the euro area in June 2025 is 2.7%, exceeding the European Central Bank's target level of 2% for the tenth consecutive month. The rise in prices of food, alcohol, and tobacco is the main reason for the increase in inflation.
Economic Background: The Eurozone economy is expected to maintain moderate growth in the first half of 2025, but inflationary pressures have not shown significant relief. The European Central Bank has previously raised interest rates consecutively nine times to curb persistently high inflation levels.
Important event: ECB President Lagarde stated at a press conference in June that the inflation outlook is "extremely uncertain," and the ECB will take further action based on data. The market generally expects the ECB to raise interest rates again in July.
Market reaction: Eurozone inflation data exceeded expectations, causing the euro to slightly decline against the US dollar. European stock markets showed divergence, with consumer discretionary stocks falling while energy and materials stocks rose.
Expert analysis: Deutsche Bank macro strategist Jim Reid stated that although the inflation rate has declined, the core inflation rate continues to rise, making it difficult for the European Central Bank to end the interest rate hike cycle quickly. He expects the European Central Bank to raise interest rates once more before September.
5. Regulation & Policy
( 1. The U.S. House of Representatives passed procedural votes on cryptocurrency legislation, with three major bills expected to be voted on this week.
On July 17, the U.S. House of Representatives passed a procedural vote that cleared the final hurdles for three key cryptocurrency bills, which are expected to undergo a final vote this week. This marks a critical step in establishing a regulatory framework for cryptocurrency in the U.S., promising greater certainty for the industry.
As the core content of "Crypto Week", the "GENIUS Act", "CLARITY Act", and "Anti-CBDC Surveillance National Act" address key areas such as stablecoin regulation, digital asset classification, and opposition to central bank digital currencies, respectively. Among them, the "GENIUS Act" is regarded as an important step towards modernizing financial regulation, intending to impose strict reserve requirements on stablecoin issuers and limit the development of CBDCs.
After the procedural vote passes, the House leadership has committed to including anti-CBDC provisions in the National Defense Authorization Act. The "GENIUS Act" and the possible "CLARITY Act" will be submitted to Parliament for final vote as early as tomorrow.
Market participants generally believe that the advancement of cryptocurrency legislation will bring greater certainty to the industry, which is conducive to attracting institutional funds. However, some analysts are concerned that overly strict regulations may limit innovation and affect industry development.
Valkyrie Digital Assets CEO Leah Wald stated: "We need a clear regulatory framework, but at the same time, we must allow the industry enough room to grow. Over-regulation could stifle innovation, which is not what we want to see."
) 2. The EU anti-money laundering agency warns crypto companies to comply with new regulatory requirements.
The EU anti-money laundering agency ###AMLA### has issued a warning to the cryptocurrency industry, requiring companies to comply with stricter regulatory requirements that will soon be implemented. The new regulations prohibit anonymous wallets and privacy coins, and require regulatory agencies to review the actual owners and shareholder backgrounds of crypto asset service providers to ensure they are not involved in money laundering or terrorist financing activities.
Cryptocurrency companies must also provide government agencies with direct, real-time, and unfiltered access to account data. These measures will be fully implemented by July 2027.
Bruna Szego, the chair of AMLA, emphasized that it is essential to ensure that the owners of cryptocurrency companies are not involved in money laundering or terrorist financing. She stated: "We need to better understand this industry and ensure that it complies with anti-money laundering and anti-terrorist financing standards."
The background of the new regulations is that the EU aims to strengthen the regulation of cryptocurrency assets to prevent them from being used for illegal activities. However, industry insiders are concerned that excessive regulation may hinder innovation and affect the development of the cryptocurrency industry.
Jamie Burke, founder of Outlier Ventures, stated: "We certainly need a degree of regulation, but we also need to balance innovation and compliance. Overly strict regulations may stifle innovation, which is not what we want to see."
3. Thailand plans to launch a pilot program for crypto tourism, allowing tourists to pay with digital assets.
The Thai Ministry of Tourism and Sports is promoting a pilot program for crypto tourism that allows tourists to make payments using crypto assets. The program enables tourists holding cryptocurrencies to exchange their assets for Thai Baht through licensed digital asset service providers and use them for nationwide payment consumption via regulated electronic wallet platforms.
The plan aims to enhance the competitiveness of tourism by leveraging crypto-financial technology and is expected to be implemented with the participation of compliant institutions including the Gulf. However, the Thailand Tourism Council (TCT) warns against a hasty rollout, calling for strengthened anti-money laundering measures and improved overall ecological readiness.
Thailand's Minister of Tourism and Sports, Phiphat Ratchakitprakarn, stated that the plan will provide tourists with more payment options and help attract cryptocurrency investors and entrepreneurs. "We hope to make Thailand a pioneer in crypto tourism with this initiative."
But there are also analysts who express concerns about this. Analyst Wendy O'Byrne stated: "While this plan is beneficial for attracting tourists, there are also potential risks, such as money laundering and tax evasion. Regulators need to establish strict rules and ensure they are effectively enforced."
Overall, Thailand's pilot plan for crypto tourism reflects the country's vision to leverage cryptocurrency technology to boost the development of its tourism industry, while also highlighting the importance of regulation.