Thailand to launch crypto payment sandbox for tourists

The Thai government will allow tourists to exchange crypto for Thai baht and make electronic payments through e-money service providers.

Update (Aug. 18, 8:12 am UTC): This article has been updated to include an official statement from the Thai SEC.

Thailand is preparing to launch a regulatory sandbox that will allow foreign tourists to convert cryptocurrencies into Thai baht for spending in the country, its securities regulator said.

The “TouristDigiPay” project will run for 18 months beginning in the fourth quarter of 2025, according to an Aug. 18 announcement from the Securities and Exchange Commission (SEC) sent to Cointelegraph. The initiative is being co-developed with the Ministry of Finance, the Anti-Money Laundering Office (AMLO) and the Ministry of Tourism and Sports.

Read more