Digital Nomads Thailand – Lost Nomad http://lostnomad.org/ Wed, 22 Jun 2022 18:58:56 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 http://lostnomad.org/wp-content/uploads/2021/05/lost-nomad-icon-150x150.png Digital Nomads Thailand – Lost Nomad http://lostnomad.org/ 32 32 Bangkok ranks second among best digital nomad cities in the world http://lostnomad.org/bangkok-ranks-second-among-best-digital-nomad-cities-in-the-world/ Wed, 22 Jun 2022 06:23:31 +0000 http://lostnomad.org/bangkok-ranks-second-among-best-digital-nomad-cities-in-the-world/

A study by a UK-based company named Bangkok the second best city in the world to work as a digital nomad. The company, called The Instant Group, is a provider of flexible working solutions. The Instant Group found that more than half of the world’s top 60 cities for digital nomads are in Asia.

Other Asian cities on the list included Seoul, Kuala Lumpur, Singapore and Hong Kong. The only city to beat Bangkok is Lisbon, Portugal. In choosing the best cities for digital nomads, The Instant Group considered these factors: affordability, weather, broadband speed, scenery and transportation. Bangkok performed well in all of these categories.

Thailand’s main selling points that earned it second place were the city’s famous local cuisine, availability of over 15,000 high-speed Wi-Fi hotspots, transportation options, and cheap accommodation. The average cost of a night in an Airbnb is 1,174 baht.

Even though Bangkok landed second place on the list, finding a legitimate visa that supports the digital nomad lifestyle has been notoriously difficult in Thailand. Last month, the Thai cabinet announced changes to the 10-year long-term resident visa that could make life in the Land of Smiles a realistic option.

The LTR visa caters to four groups: 1) wealthy foreigners 2) retirees 3) working foreigners and 4) specialists.

Digital nomads can be classified as “foreign workers” or “specialists”, both of which must meet 2 conditions to be eligible for the LTR visa…

1) They must have an employment or service contract with a Thai OR foreign company.
2) They must be able to provide proof of 5 years of professional experience in the relevant industry, completed within 10 years of the date of application.

The Cabinet also announced that it would halve the one-time fee for the LTR visa from 100,000 to 50,000 baht.

So, if you have the contract and proof of 5 years of work experience, it’s a good deal to get you a Thailand visa valid for 10 years. Additionally, LTR visa holders are welcome to bring their spouse and up to four children under the age of 20 with them to the kingdom.

The changes were to take effect 90 days after they were officially announced in the Official newspaper.

THE SOURCE: Bangkok Post

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Over 45 countries welcome digital nomads with long-stay visas http://lostnomad.org/over-45-countries-welcome-digital-nomads-with-long-stay-visas/ Fri, 17 Jun 2022 17:06:21 +0000 http://lostnomad.org/over-45-countries-welcome-digital-nomads-with-long-stay-visas/

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With more and more people around the world now working online, there are actually more 45 countries which are accommodate digital nomads with long-stay visas.

Before revealing the full list of 46 countries that offer such visas, let’s first take a look at some of the destinations that are proving increasingly popular among remote workers – including what these places offer those striving to live their best lifestyle. nomadic.

Female traveler working on laptop with beautiful beach view

Thailand

There’s no denying that Thailand is one of the most popular travel and tourism destinations in the world – its capital having been declared ‘the most visited city in the world’ before the global Covid-19 pandemic.

And, for digital nomads, the country certainly offers a lot – with it’s possible to choose from a variety of different cities, towns and even islands to use as a base for living and working.

A young man looking at a beautiful sea view in Thailand

This includes the likes of the northern city of Chiang Mai – which offers plenty of coworking spaces and cafes to work in, as well as an overall affordable and comfortable lifestyle for digital nomads.

Another inland location that serves as a great home base for remote workers is the nation’s capital, Bangkok – which is gigantic in size and literally offers you everything you would need to live a productive, yet energetic life. and fun.

A beautiful aerial shot of Bangkok, Thailand

For those looking for a balance between island and city life, Phuket would certainly be an excellent choice for you – the island literally offering the best of both worlds.

Indeed, you will not only be able to find a suitable place to undertake your work, but you will also be able to enjoy some of the most beautiful beaches and nature in your free time.

A female traveler at Laem Sing Beach in Phuket, Thailand

And, if you want to completely escape city life, you can choose one of Thailand’s many idyllic islands to enjoy your nomadic lifestyle.

For American, Canadian and British tastes tourists – the easiest way to stay inside the country for up to 90 days – is to obtain a 60-day tourist visa from a Thai embassy or consulate in your own country before travelling, whether you can then extend once in Thailand for another 30 days. days.

Although currently Thailand does not offer a specific visa for “digital nomads”, the country hopes to launch theirs soon as it targets remote workers as one of the ways to revive tourism.

A young traveler exploring a temple in Ayuthaya, Thailand

Bali, Indonesia)

A traveler in a temple in Bali, Indonesia

Another extremely popular destination for digital nomads – and a place that also offers the possibility of longer stays – is the beautiful Indonesian province of Bali.

There’s no denying that Bali offers some of the most beautiful beaches and stunning nature on the planet – which is one of the main reasons it’s one of the most popular destinations for international travelers.

A beautiful beach in the province of Bali, Indonesia

And, in addition to its low cost of living and wide variety of entertainment and nightlife options, it’s no surprise that Bali continues to increase its status as one of the top travel destinations in the world. world for digital nomads.

Two of the most popular parts of Bali that seem to attract the most nomads include the beautiful resort town of Canggu and the more peaceful and relaxing town of Ubud – which certainly offers an atmosphere that will allow you to relax to the maximum after those hours spent in front of your laptop.

A young woman in the ancient Hindu temple of Goa Gajah near Ubud, Bali, Indonesia

The easiest and simplest way to tourists entering Bali right now – and which will allow you a stay for up to 60 days – is to purchase a tourist visa on arrival once you land at the airport in Indonesia.

The cost of the tourist visa on arrival is 500,000 Indonesian rupiah, or about 33 US dollars.

Bali International Airport, Indonesia

For those looking for a visa that will allow for a longer stay (more than 60 days) in Bali, or the ability to work remotely while you are there, it is recommended that you contact your local Indonesian embassy or consulate.

Just last week we announced that Bali was to introduce a new five-year contract Digital nomad visawhich would allow remote workers to stay in Bali for an extended period – without requiring them to pay taxes on the work they undertake.

Manta Bay or Kelingking Beach on the island of Nusa Penida, Bali, Indonesia

If you want to keep up to date with the latest news, information and events in Bali, you can do so by clicking on here.

Mexico

As a nation that expects up to 40 million visitors by the end of this year (2022), Mexico continues to be the favorite vacation destination for American travelers, especially the city of Cancun.

The city of Cancun, Mexico

And, the nation isn’t just attracting those who want to take a two- to three-week vacation, as the country is also proving to be a popular destination for digital nomads – and is even considered one of the best places for remote workers.

Indeed, Mexico offers many top destinations for digital nomads, including Playa del Carmen, Mérida, and Mexico City, with the country offering the best in beach and city living.

A busy street in Mexico City, Mexico

In addition to offering endless beautiful landscapes and some of the most delicious cuisine, Mexico also offers the opportunity to live comfortably – and on a budget – in a country that has enough infrastructure to meet the needs of a nomad. digital.

For those looking for a comfortable place to focus on their work, there is also a huge selection of affordable and efficient coworking spaces throughout Mexico – with even cities like the colonial town of San Cristobal de las Casas offering coworking spaces. great places to work.

Cristóbal de las Casas, Chiapas, Mexico

The good news about Mexico – and the ability to stay in the country for an extended period – is that if you are a citizen of the US, Canada, UK, EU or Zone Schengen, you will win. You don’t need to apply for a visa before you arrive.

In fact, if you are a national of the above countries and regions of the world, you will receive an FMM tourist visa upon arrival – which allows you to stay in the country for up to 180 consecutive days.

Guanajuato, scenic viewpoint near Pipila

For more information on the Mexico FMM tourist visa, click here.

While freelancers and digital nomads technically don’t have to work even on their projects abroad, when they have a tourist visa in Mexico, the country offers different residency programs that double as “digital nomad visas”. “. Most nomads asked for a temporary residence visa for Mexico, which allows digital nomads to live and work in their non-Mexican businesses, for a period of 6 months to 4 years.

A full list of the 46 countries that welcome digital nomads with long-stay visas

Below is a list of the 46 countries that currently offer long-stay visas to remote workers looking to succeed in their nomadic lifestyle.

digital nomad in dubai

Whether you’re looking for that sunny destination to work in or want to experience what it’s like to work in some of the coolest coworking spots, you’re sure to find a suitable destination in the list below.

If you’re a digital nomad and want to learn some tips on how to choose the “right” destination to live and work, check out our top 10 tips for choosing a digital nomad destination article.

Male digital nomad working on a beach location

Here is a full list of 46 countries (in alphabetical order) which currently welcome digital nomads with long-stay visas:

Read more:

The new 5-year digital nomad visa will allow you to live in Bali tax-free

Travel insurance that covers Covid-19 for 2022

Argentina wants to become the number one destination for digital nomads in Latin America

Italy plans to launch a digital nomad visa

7 sunny destinations offering digital nomad visas in 2022

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]]> 6 things they don’t tell you about life as a digital nomad http://lostnomad.org/6-things-they-dont-tell-you-about-life-as-a-digital-nomad/ Thu, 16 Jun 2022 11:30:00 +0000 http://lostnomad.org/6-things-they-dont-tell-you-about-life-as-a-digital-nomad/

When the average professional imagines the lifestyle of digital nomads, no doubt inept stock photography comes to mind – a 22-year-old in a hammock, or sitting on the sand or perched on top of a mountain awkwardly balancing a laptop computer.

The pictures are pretty. But for any true digital nomad with a serious career, photos fall flat. (Expert tip: the beach is a bad place to work.)

What’s wrong with these pictures is that free time and work time are combined into one picture, whereas in real life they have to be separated or you ruin both.

Words are worse than pictures – digital nomad posts, articles and even books tend to be superficial and misleading.

If you’re seriously considering the digital nomad life, you need an accurate picture of what you’re getting into. So here are the six basic lifestyle facts that blogs don’t tell you.

Many digital nomads are not nomads

A considerable number of so-called digital nomads simply move to Chiang Mai, Thailand, and live there as temporary expats – or in a number of places that offer a fairly good lifestyle combined with a low cost of life. There is nothing wrong with that.

But this is not a nomadic life.

Most digital nomads are not very young

The popular conception is that digital nomads are young people under five years of university. But, according to a recent study by MBO Partnersonly 21% are “Zoomers” – Generation Z, who are 25 and under.

The largest group is Millennials – people currently between the ages of 26 and 41 – who make up 44% of digital nomads. (That’s right: “Millennials” are entering their 40s now.)

A quarter of digital nomads are Gen X – aged 42 to 57 – and 12% are baby boomers: people aged 58 to 76.

In other words, more digital nomads are over 42 than under 25.

Nomadism is often “slowmadism”

Surprise! Digital nomad professionals work full-time. In fact, more than full time. Depending on where you are going. With sometimes slower connections, random unusual commute times and inconveniences (which I’ll elaborate on below), you can expect to work the same work week you did in the office, plus another, let’s say , 20%.

For a digital nomad to spend a week exploring a city, you would need to live there for a month and spend most of your time working.

The digital nomad life is an adventure proposal to choose from

Each category of digital nomads bears little resemblance to the others. They are all completely different.

life in a van is completely different from international nomadism, for example. One is domestic; the other is foreign. One is much more difficult; the other can be filled with creature comforts.

What they have in common is that everything is always new. This is very different from temporary expats moving to Costa Rica and staying there.

My wife and I are both obsessed with food and foreign cultures, so living as international digital nomads is perfect for us.

But we could never, ever do the van life (too uncomfortable) or the ex-pat thing (too immutable).

The thing is, like all digital nomad lifestyles come with trade-offs and downsides, it’s essential to know yourself and what you really want out of life.

And you and your partner should be on the same page.

Digital nomad life is almost always less convenient and less comfortable

Here is a concrete example:

As I write this, I work at our Airbnb table in a village in the south of France called L’Isle-sur-la-Sorgue.

The city (and the region of Provence) is heaven on earth. The scenery, weather and architecture are incredibly beautiful and the food is magnificent.

The people are really wonderful.

Sounds good, right?

Well, it is: except the available Wi-Fi is so slow that it can take a couple of minutes to load a basic website (even my mobile broadband connection through Google Fi is slow). Also, window screens are practically non-existent here and the building is old.

So my choices are between an open window and mosquitoes or being mosquito-free and working in a damp, stuffy building. Yet there is no place I would rather be.

You just need to be willing to sacrifice minor comforts and conveniences for the joys of living in an amazing location.

The nomadic digital economy favors total engagement

Keeping your house while living abroad or on the road is very expensive and probably financially unwise. So to take advantage of it economically, put everything away, sell your house and hit the road.

Yes, this is a giant step and a decision not to be taken lightly.

While the lifestyle is fantastic, consider the ramifications of not having your home office and fast internet, your own kitchen, and complete control over your daily routine.

And it’s certainly not a decision to be taken lightly based on the false picture painted by digital nomad literature.

Van life isn’t all about sunsets and morning coffee with the dog. And the international digital nomad doesn’t have an endless party in Thailand either.

And you’ll never work on the beach.

Copyright © 2022 IDG Communications, Inc.

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Welcome to “Queer Britain”; London’s latest addition to the LGBTQ museum http://lostnomad.org/welcome-to-queer-britain-londons-latest-addition-to-the-lgbtq-museum/ Thu, 16 Jun 2022 05:38:00 +0000 http://lostnomad.org/welcome-to-queer-britain-londons-latest-addition-to-the-lgbtq-museum/

London recently hosted a museum dedicated to the LGBTQ community, called the
queer britain museum. The new museum focuses on the history, accomplishments and struggles of the LGBTQ community.

Located at 2 Granary Square in London, the museum is built over two floors and includes four galleries and five exhibition spaces as well as a retail store. Admission to the museum is free and people are free to donate. Additionally, the museum is accessible via elevators and ramps.


Museums co-founder Ian Mehrtens said the idea of ​​opening such a museum first came to Joseph Galliano, who is the other co-founder.

“During one of our regular coffee chats, Joseph said he had an idea he wanted to share with me that he had developed since working with Gay Times: an LGBTQ museum, a space where people could go to celebrate success, to learn more about queer history, and to make sure people’s life stories aren’t lost forever.

Welcome to the

He further stated that “we were approaching the 50th anniversary of the partial decriminalization of the Sexual Offenses Act 1967 – and it seemed like a moment in history to make sure everyone knew what the life when it was illegal to be gay”.

The opening exhibition of the museum is called,
Welcome to Queer Britain, which aims to introduce people to the Queer Britain mission. The exhibition features several pieces from the museum’s burgeoning photographic collection. There are also works of art from exhibits that were there before.

Another exhibition titled,
We are queer Britainis scheduled for July 2022. The experience will include 50 different voices to celebrate 50 years of Gay Pride in London and will run until spring 2023.

Apparently the museum is quite large considering there aren’t many LGBTQ museums in the world.

  1. What is Official Pride Month?
    Pride month is celebrated in June.
  2. Where is Queer Britain?
    The museum is located at 2 Granary Square in London.
  3. When will Pride Parade in London take place in 2022?
    Saturday, July 2, 2022
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Thai hotels court Indian and local tourists to fill void in China http://lostnomad.org/thai-hotels-court-indian-and-local-tourists-to-fill-void-in-china/ Wed, 15 Jun 2022 03:33:00 +0000 http://lostnomad.org/thai-hotels-court-indian-and-local-tourists-to-fill-void-in-china/

BANGKOK — In an effort to reduce its dependence on a single country while reviving its once tourism-dependent economy, Thailand is attracting visitors from India, the Middle East and its South Asian neighbors -East.

“We aim to exceed pre-COVID revenues by 2024,” Phiphat Ratchakitprakarn, minister of tourism and sport, said last week. “Although the number of tourists will not be as high as before COVID, the focus will be on quality tourists who respect our environment.”

The minister was speaking at a hotel strategy announcement by a leading conglomerate. It was an unusual appearance that signaled how the public and private sectors are coming together to resuscitate tourism.

Phiphat is responsible for reviving the tourism industry which accounts for around 12% of Thailand’s gross domestic product. This will mean reducing dependence on China – which provided more than a quarter of arrivals in 2019 – by attracting tourists from other markets and maintaining the attention of domestic travellers.

Even before COVID, Thailand tried without much success to diversify from the sheer number of Chinese arrivals. If the strategy is successful, it could serve as a model for other tourism-dependent economies in Southeast Asia, as local and regional populations continue to grow in numbers and purchasing power.

“We want to break the old concept that when you think of hotels, you only think of international tourism,” said Wallaya Chirathivat, chief executive of Central Pattana, which unveiled its medium-term plans on Thursday.

The commercial real estate development arm of Central Group on Thursday announced 37 new hotel projects in Thailand spanning three price-segmented brands, in addition to 49 existing properties in nine countries. Central Pattana aims for hotels to generate 10% of their revenue within five years, catching up with revenue from commercial, residential and office real estate, Wallaya said.

“Many have asked why Central Pattana started a hotel business at that time,” said Phoom Chirathivat, the company’s hotel manager.

“The domestic tourism market continues to grow and may recover faster than the international market,” he said.

As an example, the domestic market has kept occupancy in Indonesia afloat throughout COVID, accounting for more than 90% of rooms sold by French hotel group Accor last year.

“One thing we’ve taught ourselves is to work hard on that domestic market to make sure we don’t lose it in the future,” said Garth Simmons, managing director of Accor Southeast Asia.

In Thailand, 30 million Thais traveled across the country last year, up from 38 million seen in 2019. “Holidays, staycation and digital nomads – these are the groups that are likely to grow,” Phiphat said.

Tourism and Sports Minister Phiphat Ratchakitprakarn, center, appeared at Central Pattana’s recent press conference to announce his hotel investment strategy. (Photo by Francesca Regalado)

Hoteliers have seen more stable performance during the pandemic in destinations easily accessible by car from major metropolises like Bangkok and Jakarta. The first new Central hotel to open will be in the town of Nakhon Ratchasima, known as Korat, 220 km northeast of Bangkok.

An industrial park in the province has attracted several Japanese manufacturers, including Canon, bringing business travelers. Central said its nationwide development projects will create 3,900 jobs, a particularly urgent need in Thailand’s underdeveloped northeast.

“We found that the hotel market in Nakhon Ratchasima province has great potential and the average occupancy rate tends to be longer,” Phoom said.

Stays in Thailand have lengthened as Europeans, who stayed an average of 16.82 days in 2019, overtook international arrivals this year and last. But European spending has not matched that of Chinese tourists who remain cooped up at home.

Tourism receipts are at a third of pre-COVID levels and could only increase by half by the end of the year without Chinese arrivals, said Somprawin Manprasert, chief economist at the SCB Economic Intelligence Center. .

As summer temperatures peak in the Middle East and India, the Ministry of Tourism has organized roadshows for potential tourists to meet the minister’s revenue target of 1.5 trillion baht this year. Kuwait, Egypt, the United Arab Emirates and Saudi Arabia led in per capita spending in 2019, with average spending of more than 6,800 baht per day.

Tourism will be a major growth engine for Thailand’s economy in the near term, according to SCB, as signs of recession in the United States and Europe cloud Thai export forecasts. The research house raised its forecast for international tourists this year from 5.7 million to 7.4 million thanks to pent-up travel demand in Southeast Asia, India and Europe.

But hurdles remain in Thailand’s path to tapping into that demand, including inflation eroding travel budgets and limited airline capacity.

Phiphat said last week that he would propose to the cabinet to scrap the Thailand Pass, the last barrier to entry in the COVID era. The online pass only requires flight and accommodation details and a vaccination record, without the need for a negative COVID test.

“That’s another requirement that makes you less desirable as a destination,” Simmons said.

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Thailand becomes first destination in Asia to lift cannabis ban http://lostnomad.org/thailand-becomes-first-destination-in-asia-to-lift-cannabis-ban/ Sun, 12 Jun 2022 15:32:37 +0000 http://lostnomad.org/thailand-becomes-first-destination-in-asia-to-lift-cannabis-ban/

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After two years of tightening the noose on social freedoms, a consequence of the Covid, Thailand appears to be pushing for more liberal policies. Shortly after allowing bars and clubs across the country to resume operations and announcing an end to some of its toughest pandemic restrictions, the country is now lifting a longstanding ban on cannabis.

Group of friends hugging while watching the sunset in Thailand

Thailand is officially the top destination in Asia to relax the most severe rules on the marketing of the plant. While this is exciting news for tourists who are also cannabis lovers, they should take it with a grain of salt: it may have ceased to be illicit throughout Thailand as of this month, but its recreational use remains. prohibited :

Thailand’s economy will reach new heights

Thailand drops marijuana ban concept image

On Thursday June 9, Thailand claimed the title of the first country in all of Asia to decriminalize cannabis. In an interview with CNN, Thai Health Minister Anutin Charnvirakul, who was also behind the national anti-Covid strategy, confirmed “it’s is no longer a crime to cultivate and market marijuana and hemp products”.

Indeed, Thai businesses are now free to capitalize on the growing popularity of cannabis as a additive to eat and drink. Starting this week, bars and restaurants across the country will be free to sell cannabis-infused products, as long as tetrahydrocannabinol (THC) levels are at or below 0.2%.

Conceptual image of Thai nature, Thailand

THC is the main psychoactive component found in cannabis. In addition to that, visitors will also be allowed to use the plant for sanitary purposes, such as the treatment of diseases, including chronic pain. Conversely, he warned locals and tourists against abusing the new relaxed laws, reiterating the recreational use of cannabis is still illegal.

To put it simply, smoking joints isn’t allowed in Thailand yet – but munching on marijuana brownies sold at licensed stores won’t get you in trouble. As Charnvirakul has argued, legalizing cannabis production, while maintaining a ban on recreational use, has the power to further boost Thailand’s economy.

Thailand decriminalizes marijuana concept image

Dealing another blow to those who might hope Thailand will follow in Canada’s or Holland’s footsteps in further relaxing cannabis regulations, Charnvirakul flat out said “no” to joints. According to the Minister of Health, strict laws prohibiting the use of cannabis in so-called “unproductive” ways will continue to be applied.

Tourists are again warned not to smoke joints in Thailand

Big Buddha statue in Thailand

Charnvirakul reminded the public and people visiting Thailand of the harsh penalties imposed by the country under the Public Health Act. Those who use cannabis illegally risk a three-month prison sentence and a fine of 800.00 USD. Tourists in particular have been warned not to light joints in public as this will have consequences:

If tourists come for medical treatment or for health related products, it is not a problem‘, added the Minister of Health, ‘but if you think you want to come to thailand just because you heard cannabis or marijuana is legal, or you are coming to thailand to smoke joints freely, that’s wrong‘. Charnvirakul concluded by tell these tourists not to come.

Young traveler looking at Ayutthaya historical park in Thailand

Despite the big caveat, the move is still happening hailed by the international community. After all, Asia as a whole, and in particular Southeast Asia, a subgroup to which Thailand belongs, has some of the toughest drug laws in the world. By lifting the ban, Thai authorities now expect the value of the local cannabis industry to exceed $2 billion.

Indeed, the Ministry of Agriculture plans to distribute 1 million free cannabis plants to households in Thailand, clearly encouraging people to join the adventure. Companies and entrepreneurs will still need to register with the authorities in order to obtain a permit to cultivate the plant and sell cannabis-derived products.

Thailand Chiang Mai Inthanon

Can digital nomads living in Thailand also grow cannabis?

In recent years, Thailand has come up with a new digital nomad visa allowing foreigners working remotely to stay longer in the country. We do not know at this stage whether foreigners residing in Thailand under specific visa categories, including as digital nomads, will be allowed to cultivate the plant.

Young asian man using mobile phone on long tail boat with blurred view of Koh Phi Phi, Thailand

Since digital nomad visas require applicants to have the majority or most of their income from foreign sources, we can assume that those living in Thailand on this permit will not be allowed to grow the plant and start their own. marijuana company based in Thailand. . When planning to visit Thailand, tourists are advised to:

  • Buy products from approved places
  • Strictly adhere to laws governing the recreational use of cannabis
  • If you live in Thailand and are looking to start a business, apply for a permit in advance

Read more:

Travel insurance that covers Covid-19 for 2022

What is it like to enter Thailand right now

Top 5 off-the-beaten-track places to travel in Thailand in 2022

Thailand will start charging entrance fees from August

Thailand beach made famous by DiCaprio movie will close again due to overtourism

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]]> Hodler’s Digest, May 29-June 4 http://lostnomad.org/hodlers-digest-may-29-june-4/ Sat, 11 Jun 2022 20:30:51 +0000 http://lostnomad.org/hodlers-digest-may-29-june-4/

Coming every Saturday, Summary of Hodler will help you follow every important news that happened this week. The best (and worst) quotes, adoption and regulation highlights, major coins, predictions and more – a week on Cointelegraph in one link.

Top stories this week

Anonymous hacker received restraining order via NFT

In what may be an industry first, an anonymous defendant in an exchange hacking legal case has been issued a temporary restraining order via NFT. Defendant is part of legal proceedings surrounding the January 2022 LCX exchange hack. Two law firms served the NFT “service token” on Defendant as a restraining order, with the event being billed as the first official use of NFT in the legal world.

FTX Won’t Freeze Hiring Amid Layoffs At Other Crypto Firms, Says CEO

As the crypto bear market continues, some industry players have opted to reassess the workforce, but not FTX. The derivatives exchange will continue to recruit staff, according to CEO Sam Bankman-Fried. On the other hand, in recent weeks, Gemini has reduced its workforce and Coinbase has slowed the recruitment of new employees. However, the last major crypto bear market in 2018 was worse in terms of job cuts.

Lummis-Gillibrand Bill Establishes SEC-CFTC Balance of Power in Crypto Markets

A new bill by U.S. Senators Kirsten Gillibrand and Cynthia Lummis, subject to appropriate approvals, aims to regulate the crypto industry at multiple levels under the shared oversight of the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission. Exchange Commission. “Understanding that most digital assets are much more like commodities than securities, the bill gives the CFTC clear authority over applicable digital asset spot markets,” a government statement details. . However, later comments by the two senators seem to contradict this view, with Lummis and Gillibrand viewing altcoins largely as securities.

Metaverse grows 400% year over year despite altcoin bloodbath

Although the overall crypto market has been floundering in terms of price action, Metaverse-related assets are up around 400% on average compared to May 2021, according to a report by Kraken Intelligence. Despite the year-over-year gains, metaverse assets have fallen significantly in price over the past 30 days (according to Kraken’s May report). All of the crypto-asset sectors that Kraken has assessed have shown a decline in price over the past 30 and 90 days. Over the course of 2022 so far, NFT and blockchain powered metaverse games have seen continued participation.

PayPal allows the transfer of digital currencies to external wallets

In the second half of 2020, PayPal’s platform welcomed the buying and selling of crypto, but the experience was limited to the platform. Now, PayPal has made the decision to allow certain crypto assets to be transferred to and from its platform, usually pending one-time identity verification. Armed with a New York BitLicense, PayPal has opened up the feature to select customers but aims to expand availability in the coming weeks.

Winners and losers

On weekends, Bitcoin (BTC) is at $29,066Ether (ETH) at $1,682 and XRP at $0.38. The total market capitalization is $1.18 trillion, according at CoinMarketCap.

Among the 100 largest cryptocurrencies, the top three altcoin gainers of the week are helium (HNT) at 35.12%, Chainlink (LINK) at 22.63% and UNUS SED LEO (LEO) at 12.29%.

The top three altcoin losers of the week are Elrond (EGLD) at -25.25%, Waves (WAVES) at -25.02% and Convex Finance (CLC) at -24.90%.

For more information on crypto prices, be sure to read Cointelegraph’s market analysis.

Most Memorable Quotes

“I thought [Anchor Protocol] was going to collapse from the start (I designed it), but it collapsed 100%. »

Mr BAnchor Protocol Developer

“The idea of ​​absolute fixed money is something we have never seen in history.”

Ali Hamammarketing director and co-founder of Tahini’s

“The approach is very simple: we are not going to ignore [the crypto] market. We want to make the most of the potential for innovation that these technologies offer us.

Galymjan PirmatovPresident of the National Bank of Kazakhstan

“For wealth management firms, digital assets represent a $54 billion revenue opportunity that most are unaware of.”

Accenture

“[Myself and my wife] believe that children should learn things that will be needed in the future, rather than what we think are needed now.

Marcinfather of Amelia (creator of the Ami’s Cats NFT collection)

“What’s amazing about crypto is that it has the potential to decentralize power and give birth to struggling economies.”

Nikki Farbventure capital partner at Headline

Prediction of the week

Bitcoin will end 2022 ‘flat, possibly up’, analyst says as Saylor bets $1m BTC

Bitcoin’s price has traded mostly sideways this week, largely between $29,000 and $32,000, according to Cointelegraph’s BTC Price Index.

A historically optimistic figure in the crypto space, Fundstrat co-founder Thomas Lee spoke about Bitcoin’s price with less exuberance, seeing the potential for sideways action to close out 2022, though he left the open door for him to come up “maybe”.

Meanwhile, ever-optimistic MicroStrategy CEO Michael Saylor finally sees BTC in terms of an all-or-nothing outcome — $0 or $1 million per coin. However, he believes BTC has already counted $0 as a result, leaving his expectation of $1 million on the table.

FUD of the week

Lithuania Aims to Tighten Crypto Regulations and Ban Anonymous Accounts

Additional government-approved crypto regulatory requirements may come into effect in Lithuania, pending parliamentary action. Among other details, the requirements include a ban on anonymous crypto accounts. The rationale for this move is to reduce money laundering and prevent Russian elites from evading sanctions. Early 2023 would see the weight of the new rules come into play.

STEPN, a blockchain-based mobile application, subjected to DDoS attacks after the upgrade

STEPN, a crypto project game that rewards users for physical activity, recently added a mechanism called STEPN’s Anti-Cheat Model (SMAC) to its platform. The upgrade aims to reduce cheating in the game. However, a number of difficulties have arisen after the upgrade, including denial of service (DDoS) attacks. The project aimed to patch its servers within a specific timeframe, although the self-imposed deadline passed without any updates being announced.

Bad day for Binance with SEC investigation and Reuters briefing

Binance is under investigation by the US Securities and Exchange Commission. The investigation questions whether the exchange’s initial coin offering in 2017 on its BNB asset complied with regulatory standards.

A Reuters article further claimed that a significant amount of funds related to nefarious activities leaked onto Binance’s platform between 2017 and 2021. A Binance spokesperson denied the article’s claims. Binance also refuted the allegations in a detailed blog post.

Best Crypto Features

The Crypto Islands of Thailand: Working in Paradise, Part 1

A growing number of crypto nomads are heading to live and work on tropical islands such as Koh Pha-ngan in Thailand. Maybe you should join them.

A Life After Crime: What Happens to Crypto Seized in Criminal Investigations?

As with any type of property, law enforcement has the right to sell your coins and spend the money.

Crypto 401(k): Sound financial planning or gambling with the future?

Cryptocurrencies could arrive in the retirement plans of Americans. Some see it as a sound financial strategy, while others remain skeptical.

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“Amazing Thailand New Chapters” Featured at TTM+ 2022 Product Update in Phuket http://lostnomad.org/amazing-thailand-new-chapters-featured-at-ttm-2022-product-update-in-phuket/ Thu, 09 Jun 2022 09:34:23 +0000 http://lostnomad.org/amazing-thailand-new-chapters-featured-at-ttm-2022-product-update-in-phuket/
TAT provides attendees with the latest information on Thailand’s new tourism direction, marketing, product and service offerings, and more.

The Tourism Authority of Thailand (TAT) provided an update on the situation of tourism in Thailand, its relaxed entry requirements, its visitor arrival targets, its new marketing direction, etc., to the delegates of Thailand Travel Mart Plus (TTM+) 2022 taking place this week, June 8-10, in Phuket.

Mr. Siripakorn Cheawsamoot, TAT Deputy Governor for Marketing and Communications, said, “Thailand is open and ready to welcome tourists from all over the world. Despite the long break that the pandemic has brought us, we have continued to work and in these two years there have been many changes and adjustments in the tourism industry globally and in Thailand. We have therefore proposed new directions and new marketing communication concepts designed to meet current trends and make visits more memorable for our tourists.

All initiatives including Special Tourist Visa (STV), Happy Quarantine, Phuket Sandbox and Test & Go Quarantine Free Entry Scheme in November 2021 paving the way for full reopening and giving total arrivals of visitors of 427,869 for the year 2021.

For 2022, Thailand has set a target of 7-10 million international tourists and 160 million trips from the domestic market with a tourism revenue generation of 1.5 trillion baht. In the first five months of the year, international arrivals were 1.23 million.

With the lifting of the Test & Go entry program from May 1, 2022 and a further relaxation of entry requirements to Thailand from June 1, 2022, TAT expects 500,000 international arrivals to the kingdom each month of June to September. During the high season from October to December, this number is expected to increase to 1 million international arrivals each month.

For 2023, the target tourism receipts are 2.4 trillion baht and 3 trillion baht in 2024.

Determined to revive Thailand’s vital tourism industry, the Royal Thai Government has announced the “Visit Thailand Year 2022-2023” campaign in which travelers from around the world are invited to experience Thailand’s “Amazing New Chapters”. The campaign highlights the abundance of tourism products and services offered in Thailand, as well as its cultural diversity and richness, capable of fulfilling travelers’ desires from A to Z, because Thailand has it all.


Spearheading the “Visit Thailand Year 2022-2023” campaign, TAT focuses on using storytelling marketing to enrich the tourist experience and the self-esteem of visitors. NFT – or Nature to keep, Food to explore and Thainess to discovery – are the main products promoted in the “Amazing New Chapters” communication efforts, while the feeling of experience, pleasure and love is what travelers will earn during their travels in Thailand. A new TVC has been launched to showcase Thailand from a cinematic perspective.

Siripakorn Cheawsamoot, TAT Deputy Governor for Marketing and Communications, said, “Thailand is open and ready to welcome tourists from all over the world.

The importance of sustainable and responsible tourism is at the forefront of tourism promotion and marketing in Thailand.

Mr Siripakorn said during the product update in Thailand: “The pandemic has given us some key learning lessons. What Thailand’s tourism industry needs to remain competitive and resilient over the long term is sustainability, to balance economic, social and environmental elements.

As such, the Thai government’s Bio-Circular-Green Economy or BCG model is being used to revive the tourism industry with the aim of safe, inclusive and sustainable travel. In line with the United Nations Sustainable Development Goals (SDGs), the BCG model is taking Thai tourism in a new direction, in response to changing global trends.

Meanwhile, TAT is making Thailand one of the world’s top destinations for remote workers, responding to the growing trend in light of the COVID-19 pandemic of people working remotely while on vacation. As the long-stay visa is a priority issue for digital nomads, Thailand is in the process of launching the long-term resident visa (LTR) for four groups: affluent foreigners, retirees, foreign workers and specialists. There will be a one-time fee for an LTR visa of 50,000 Baht with a validity of 10 years.

Health and wellness is one of the key areas to focus on. There is a wide range of programs to offer, ranging from fitness, anti-aging, holistic treatments to traditional treatments by professional specialists with world-class facilities and world standard accreditation presents wellness centers. be in multiple destinations; such as Samut Prakan, Phuket and Samui.

Thailand also continues its role as a leading global destination for international events of various natures and sizes. As host of APEC 2022, it hosts many APEC events throughout 2022, including the Eleventh APEC Tourism Ministerial Meeting and the Sixtieth APEC Tourism Working Group Meeting. in Bangkok from August 14-20 – the first time it will host an APEC Tourism Ministerial meeting. Thailand will also advance APEC policy recommendations on regenerative tourism.

MotoGP motorcycle racing is set to return from September 30 to October 2 at the Buriram International Circuit, while the Laguna Phuket Triathlon, Southeast Asia’s oldest and most successful triathlon event, will be held on November 20, 2022.

From November 15-18, 2022, TAT will host the TBEX Asia 2022 event for travel bloggers, content creators and influencers from around the world in Phuket under the theme “Southern Diversity: Phuket and Beyond”.

Mr Siripakorn concluded: “Thailand is about to fully reopen and we are ready to welcome everyone back to the kingdom. With the Visit Thailand 2022-2023 year, we would like to open up our home country to showcase some of the kingdom’s many fascinating tourism experiences and hope that all travelers will not miss a thing. (TAT)


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Indonesia overtakes Thailand with new 5-year digital nomad visa http://lostnomad.org/indonesia-overtakes-thailand-with-new-5-year-digital-nomad-visa/ Tue, 07 Jun 2022 06:43:32 +0000 http://lostnomad.org/indonesia-overtakes-thailand-with-new-5-year-digital-nomad-visa/

Yes, remote workers have finally gotten a break with Indonesia announcing a visa specifically for the digital nomad crowd. In the post-Covid world, with global office and work habits undergoing such profound changes, the option of a digital nomad visa, where remote workers could work in a resort town in Asia south-east rather than in a humid office, will be very attractive. Indonesia, especially Bali, will be huge beneficiaries by offering a targeted remote work visa first.

Thailand, on the other hand, has the Smart Visa, but remains very targeted with quite onerous conditions to obtain them. Otherwise, it is very difficult for a worker to come to Thailand, in the medium or long term, and enjoy an alternative professional life. Will Thai immigration follow and come up with a competitive product? History suggests they are reluctant to allow foreigners to stay in Thailand long-term without income guarantees and a lot of paperwork.

As the world begins to reopen after the Covid-19 pandemic, Indonesia has stepped up its efforts to attract high-spending visitors, including remote workers. Tourism Minister Sandiaga Uno said Indonesia is launching a 5-year “digital nomad” visa, along with “spiritual vacations, sporting events and eco-tourism.”

He believes these efforts will attract 3.6 million foreign visitors to the country’s islands now that the world is reopening. The minister said reviving tourism in this way is expected to create more than a million Indonesian jobs.

“We are moving it towards serenity, spirituality and sustainability. In this way, we obtain a better quality and a better impact on the local economy.

Indonesia has now dropped most of its entry restrictions, with fully vaccinated travelers able to enter the country without any testing or quarantine requirements. Covid-19 numbers remain low and booster doses of vaccine continue to be given. In April this year, the number of tourists increased by 500% to 111,000. This is the highest monthly figure for Indonesia since the start of the pandemic.

With international companies such as Twitter and Airbnb allowing their employees to work from anywhere in the world, Indonesian officials hope increased flights and streamlined visa processing will attract more remote workers to the country. archipelago. According to Uno, a recent survey of digital nomads found that 95% prefer Indonesia – Bali, in particular – as a base.

The Indonesian government has been considering the introduction of a digital nomad visa since early 2021. However, recurring Covid-19 outbreaks, leading to flight suspensions and border closures, have delayed the plan. Uno says the new digital nomad visa will allow foreign workers to stay in the country for up to 5 years without paying taxes, provided their income is not earned in Indonesia.

“Now, with the pandemic being managed and all government departments getting involved and cooperating on the health side of the immigration office, we believe this is an opportune time to relaunch this idea.”

Hot property

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Phuket targets Saudi and Australian markets http://lostnomad.org/phuket-targets-saudi-and-australian-markets/ Sat, 04 Jun 2022 00:11:00 +0000 http://lostnomad.org/phuket-targets-saudi-and-australian-markets/

Tourists at the Sunday street market in Old Phuket Town. (Photo: Achadtaya Chuenniran)

Phuket tourism operators are banking on promising markets such as Australia and Saudi Arabia to sustain the industry during the low season.

Further relaxation of rules and a return to normal life are expected soon if the government declares Covid-19 to be endemic, said Bhummikitti Ruktaengam, chairman of the Phuket Tourist Association (PTA).

Based on this outlook, Phuket is set to host two major tourism events to show its preparedness: Thailand Tourism Congress 2022 from June 6-8 and Thailand Travel Mart Plus 2022 from June 8-10.

Mr Bhummikitti said the association last week held a two-day webinar titled “PTA Academy: Beat the Low Season” to help operators tap into key markets, such as India, Australia, China, and China. Saudi Arabia and South Korea.

“Australia was the second biggest market on the island, which can help support the lean season as July and August are winter holidays there,” said Suladda Sarutilavan, director of the Authority of Tourism of Thailand (TAT) for the Sydney office.

“They usually take trips abroad during school holidays.”

The main obstacle is the lack of direct flights. Currently, there are only direct flights from Sydney (4,629 seats per week) and Melbourne (4,592 seats per week) to Phuket and Bangkok.

Ms Suladda said TAT has urged Thai Airways to restart direct flights from Perth, where there is demand for visits to Phuket, amid stiff competition from Bali, Fiji and Vietnam.

The agency plans to appeal to potential segments including digital nomads, millennials, wellness tourists, wedding and honeymoon travel, and sports enthusiasts.

Chaiwat Tamthai, TAT’s director for Dubai and the Middle East office, said Thailand could see a significant increase in visitors from the Middle East as people flee the hot weather from June to August.

Thailand welcomed 11,994 Saudi tourists from May 1-25, thanks to the Eid al-Fitr holiday and daily flights from Saudia, its national airline, compared to just 4,107 tourists in the first four months of This year.

From June to July, TAT has a joint sales promotion with Wego, a major online travel agency with over one million monthly users, and Saudia.

Mr Chaiwat said tourism ads, including outdoor billboards, cinema ads and digital screens in department stores, will run from June to August, targeting families and millennials.

He said the Foreign Ministry was working on granting visa waivers for Saudis.

With visa-free entry, the number of Saudi tourists could top 200,000 a year, Chaiwat said.

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