Thailand Launches Nationwide Crypto Sandbox For Tourists To Boost Competitiveness

Thailand's financial regulators are pushing forward with a crypto sandbox initiative designed to attract tech-savvy tourists. The Securities and Exchange Commission (SEC) and the Bank of Thailand (BOT) have unveiled a pilot program allowing foreign visitors to convert digital assets into Thai Baht for seamless spending.

The program leverages licensed digital asset operators and e-money service providers, creating a closed-loop ecosystem for tourist transactions. Regulatory safeguards remain in place to mitigate risks while fostering innovation.

This move signals Thailand's strategic embrace of cryptocurrency infrastructure to revitalize its tourism sector. By bridging crypto assets with traditional payment rails, the initiative could set a precedent for other tourism-dependent economies.