Thailand Launches Crypto-to-Baht Scheme to Revive Tourism Sector
– Thailand launches TouristDigiPay on August 18, enabling foreign tourists to convert crypto to baht for e-payments under SEC and BOT oversight.
– Visitors must open accounts with regulated providers, undergo KYC/AML checks, and use QR codes without cash withdrawals to curb financial crime.
– The sandbox framework, led by Deputy PM Pichai, aims to modernize finance and attract crypto-savvy tourists amid declining tourism.
– A pre-launch consultation highlighted digital assets’ role in economic growth, aligning with global trends but requiring stable regulation to manage crypto volatility.
