Thailand’s Bold Move Toward Financial Innovation
Recently, a notable development in Thailand caught global media attention — the launch of a TouristDigiPay initiative jointly spearheaded by the Thai SEC and the Bank of Thailand. This sandbox program enables foreign tourists to convert digital assets into Thai baht for domestic spending. Beyond boosting the competitiveness of Thailand’s tourism sector, this initiative also holds the potential to accelerate the growth of the country’s digital asset industry, moving Thailand closer to its vision of establishing itself as a regional digital financial hub.
However, it’s important to clarify that TouristDigiPay is not a direct crypto payment system where both customers and merchants transact in digital assets. Instead, it allows…
