Thailand unveils Phuket crypto sandbox plan, regional push
Thailand plans to launch a cryptocurrency sandbox program in Phuket this October. Former Prime Minister Thaksin Shinawatra announced the program during an ASEAN economic discussion.
According to the Bangkok Post report, the sandbox will focus on stablecoins to minimize risk while allowing innovation. This controlled testing environment allows businesses and consumers to experiment with cryptocurrency transactions, particularly in the tourism sector.
Gulf Binance CEO Nirun Fuwattananukul welcomed the project, stating that the sandbox approach provides a balanced framework for testing cryptocurrency adoption while maintaining regulatory oversight.
Crypto.news first reported about the pilot initiative in December….
