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Photo: Martin Bureau / AFP
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Plague of Phone-Addicted Tourists Shuts Down the Louvre

by admin June 16, 2025


If you’re traveling to Paris in the near future, there is some bad news and some good news. The bad news: you likely won’t be able to see the Mona Lisa or any of the masterpieces hanging inside the Louvre, because it’s currently shut down. The good news: You’ll get to see a strong labor movement at work. On Monday, staff at the world’s most-visited museum went on strike, forcing the museum to close its doors over concerns about the effects of mass tourism, according to the Associated Press.

The shutdown followed a weekend of protests against tourism that spread across Europe. In Spain, travelers hanging out at popular tourist destinations were drenched by demonstrators armed with water guns. Mass demonstrations also broke out in Mallorca, Venice, Italy, and Portugal’s capital of Lisbon, per the AP, with locals leading chants like “Everywhere you look, all you see are tourists.” The objection the residents have to the visitors is primarily their role in causing an affordability crisis, leading to things like housing costs skyrocketing as homes are sought after to be listed on Airbnb and other short-term rental markets.

Overcrowding issues have plagued other hot spots across Europe, which are increasingly dominated by folks looking for a picturesque view, perhaps not realizing that their very presence is eroding the beauty. German publications Deutsche Welle recently highlighted how destinations popularized on social media like Instagram and TikTok have become overrun by visitors, pushing out locals and making the beautiful sights and sounds less accessible to others.

In the wake of that growing movement, workers at the Louvre reportedly spontaneously decided to walk out during a standard staff meeting on Monday, per the AP. Gallery attendants, ticket takers, and security all refused to operate their posts, complaining that the crowds have become unmanageable and the museum is understaffed.

According to a report from The Guardian, the Louvre sees about nine million people pass through its doors every year, and about 20,000 people per day stop to see the Mona Lisa. That foot traffic has gotten so untenable that it was announced earlier this year that the Louvre would be redesigned to give Leonardo da Vinci’s masterpiece a room of its own to help mitigate the impact of so many people wanting to stop and take a picture of the painting.

A common refrain from people visiting the painting is that the experience is underwhelming because of how quickly you’re ushered through the room with hundreds of others. “You don’t see a painting,” Ji-Hyun Park, a traveler from Seoul, South Korea, told the Associated Press. “You see phones. You see elbows. You feel heat. And then, you’re pushed out.”

The painting’s popularity has long been an issue for the museum, to the point that it has been suggested that the painting be taken down or moved. But with no standalone room ready yet, the painting still hangs in the museum. And with staff saying they simply aren’t dealing with it, thousands of tourists with tickets in hand got left hanging on Monday, unable to see anything inside the glass pyramid. It’s unclear when the museum will return to full staff and functionality, which will still leave the actual workers overwhelmed, but will get the tourism bucks flowing again.



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June 16, 2025 0 comments
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Thailand Lets Tourists Spend Crypto, Plans Legal Reforms
Crypto Trends

Thailand Lets Tourists Spend Crypto, Plans Legal Reforms

by admin May 27, 2025



Thailand is preparing to let tourists spend cryptocurrency via credit card-linked platforms as part of a broader strategy to modernize its financial system and embrace digital assets.

The plan was announced by Deputy Prime Minister and Finance Minister Pichai Chunhavajira during an investment seminar in Bangkok on May 26, according to reports from Bangkok Post and The Nation.

The initiative, currently under review by the Ministry of Finance and the Bank of Thailand, will enable tourists to link their crypto holdings to credit cards for local purchases.

Merchants will receive Thai baht as usual, often without knowing crypto was used in the transaction. The pilot is expected to roll out after key infrastructure and regulatory checks are in place.

“This approach can be immediately adapted for Thailand, provided the supporting systems are in place,” said Pichai, noting that the model avoids using the Thai baht directly, reducing risks to the domestic currency.

Related: Crypto exchange KuCoin enters crowded Thailand market

Capital markets regulation under review

Beyond enabling crypto use for tourism, Thailand is also planning a reform of its financial laws. Pichai said the government needs to unify the legal treatment of the traditional capital market and the digital asset space, which are currently governed by separate acts.

Pichai also said the government is reviewing outdated restrictions on institutional investors as part of broader capital market reform. Life insurers and large funds holding hundreds of billions of Thai baht are restricted to government bonds. Upcoming changes may open more funds to equities and private sector assets.

Pichai announcing the postponement of the next phase of digital wallets handout. Source: Khaosod English

The Ministry of Finance is reportedly also looking to reform rules around treasury stocks and ensure fairer market operations by regulating high-frequency trading practices.

A draft law is in the works to expand the Thai Securities and Exchange Commission’s enforcement powers, potentially allowing it to bring major cases directly to prosecutors.

Related: Thailand targets foreign crypto P2P services in new anti-crime laws

Pichai expresses support for digital assets

Pichai reiterated support for digital assets, emphasizing the need for clear rules that enable innovation without risking financial stability.

He mentioned the rollout of “G-Tokens,” a blockchain-based initiative aiming to allow retail investors to buy government bonds in fractional units. These tokens, he said, are expected to improve returns for savers and raise the global profile of Thai sovereign debt.

On May 13, the Ministry of Finance announced plans to issue $150 million worth of digital investment tokens that allow retail investors to buy government bonds.

This came after the country’s securities regulator revealed plans to launch a tokenized securities trading system for institutional investors back in February.

In March, the Thai SEC also approved Tether’s USDt (USDT) and Circle’s USDC (USDC) for cryptocurrency trades, allowing the stablecoins to be listed on regulated exchanges across the country.

Magazine: TradFi is building Ethereum L2s to tokenize trillions in RWAs: Inside story



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May 27, 2025 0 comments
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