Thailand Makes It Easier to Travel with Crypto with New Sandbox
Key Notes
- Foreign tourists can convert crypto to baht across Thailand under the new sandbox.
- The move expands Thaksin’s Phuket crypto plan to a national level.
- Tax exemptions and financial reforms aim to support crypto adoption.
Thailand has reportedly launched a national crypto sandbox allowing foreign tourists to convert their digital assets into Thai baht for spending during their stay. The initiative, jointly driven by Thai SEC and the Bank of Thailand, marks a major move to boost crypto adoption across the country.
Previously, former Prime Minister Thaksin Shinawatra had proposed a crypto payments sandbox limited to Phuket to drive tourism. This new plan expands the vision nationwide while shifting from…
