🇹🇭 Thailand Launches Crypto-to-Baht Conversion Program for Foreign Tourists

🧾 Key Details

Program Name: TouristDigiPay

Launch Date: August 18, 2025

Duration: 18-month pilot program

Target Audience: Foreign tourists temporarily staying in Thailand

Conversion Limit: Up to 500,000 baht (~$16,949) per month

Conversion Method: Through licensed Thai crypto exchanges and e-money platforms

Payment Method: QR code-based digital wallet payments at participating merchants

Regulatory Oversight: Implemented within a regulatory sandbox framework by the Securities and Exchange Commission (SEC) and the Bank of Thailand (BOT)

🔐 Security and Compliance Measures

Know Your Customer (KYC): Mandatory identity verification for all participants

Anti-Money Laundering (AML): Strict monitoring to prevent illicit activities

Account Requirements: Tourists must open accounts with licensed digital asset businesses and e-money providers

📉 Economic Context

Thailand's tourism industry has experienced a decline in foreign tourist arrivals. In response, the government aims to stimulate the sector by integrating digital asset usage, offering tourists a convenient payment option and potentially increasing spending during their visits

⚠️ Important Notes

Eligibility: Only foreign tourists temporarily staying in Thailand are eligible

Currency Use: Cryptocurrencies themselves cannot be used directly for payments; only baht obtained through the conversion process is accepted

Program Scope: The program is limited to participating merchants within the regulatory sandbox

📌 Disclaimer

This information is provided for informational purposes only and does not constitute financial or investment advice.

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