Express
Thailand SEC and Central Bank to Introduce Cryptocurrency Sandbox for Foreign Tourists
Summary: According to the Bangkok Post, the Securities and Exchange Commission (SEC) of Thailand and the central bank are planning to launch a cryptocurrency regulatory sandbox for foreign tourists. This initiative will allow tourists to convert digital assets into Thai baht through licensed platforms and use them with locally regulated electronic payment services. The program is ...
According to the Bangkok Post, the Securities and Exchange Commission (SEC) of Thailand and the central bank are planning to launch a cryptocurrency regulatory sandbox for foreign tourists. This initiative will allow tourists to convert digital assets into Thai baht through licensed platforms and use them with locally regulated electronic payment services. The program is currently in the public hearing stage, with an initial service period of up to 18 months, prohibiting direct cryptocurrency payments and requiring conversion to fiat currency for transactions. The policy aims to leverage cryptocurrency technology to enhance tourism competitiveness, with participation expected from compliant institutions such as Binance. However, the Thailand Tourism Council (TCT) has cautioned against hasty implementation, calling for strengthened anti-money laundering measures and overall ecosystem readiness.
Tags:
Link: Thailand SEC and Central Bank to Introduce Cryptocurrency Sandbox for Foreign Tourists [Copy]
