The Securities and Exchange Commission of Thailand (SEC) and the Bank of Thailand plan to launch a crypto regulatory sandbox for foreign tourists, allowing tourists to exchange digital assets for Thai baht through licensed platforms and use them through local regulated electronic payment services. The plan is in the public hearing stage, with an initial service period of up to 18 months. Direct crypto payments are prohibited, and transactions need to be converted into fiat currency.
The policy, which aims to enhance tourism competitiveness with the help of crypto financial technology, is expected to be implemented by compliance agencies including Gulf Binance. However, the Tourism Council of Thailand (TCT) cautioned against a hasty rollout, calling for stronger anti-money laundering measures and improved overall ecological preparedness.
Thailand's SEC and central bank plan to launch "crypto sandbox"
2025-07-17 04:51:28
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