Thailand SEC Seeks Public Feedback on Crypto Regulatory Sandbox for Tourism Industry

Thailand's Securities and Exchange Commission (SEC) has partnered with the Bank of Thailand (BOT) to propose a regulatory sandbox allowing foreign tourists to convert digital assets into baht. The initiative, now open for public consultation until August 13, 2025, aims to bolster the tourism sector through crypto-enabled transactions.

The sandbox will require digital assets to be spent via approved e-money providers rather than direct payments, enabling QR code-based transactions. Gulf Binance CEO Nirun Fuwattananukul sees this as a catalyst for broader crypto adoption in Thailand's economy.

This MOVE builds upon Thailand's existing digital asset framework while implementing new risk controls. The SEC emphasizes the sandbox's dual purpose: fostering innovation while maintaining consumer protections in the rapidly evolving crypto tourism space.