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Thailand Explores Crypto-Linked Credit Cards for Tourists Under Regulatory Framework
Thailand Explores Crypto-Linked Credit Cards for Tourists Under Regulatory Framework
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Thailand’s government is advancing plans to integrate digital assets with traditional financial services, aiming to simplify transactions for international visitors. Finance Minister Pichai Chunhavajira confirmed discussions with the Bank of Thailand (BOT) to pilot a system allowing tourists to LINK cryptocurrencies to credit cards for local spending—with merchants receiving settlements in Thai baht as usual.
The initiative mirrors adoption trends in other jurisdictions but emphasizes strict regulatory oversight. Deputy Prime Minister Chunhavajira noted legislative amendments are underway to bridge capital markets with crypto markets, signaling broader institutional acceptance of digital assets.
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