Thailandโs government, including the SEC, BOT, and AMLO, launched a regulated crypto sandbox converting cryptocurrencies to Thai baht for tourists, beginning July 2025.
This initiative enhances Thailandโs appeal to tech-savvy tourists, integrating cryptocurrencies into tourism, potentially increasing digital asset use and addressing money laundering concerns.
Thailand has launched a regulated crypto sandbox in 2025, allowing tourists to convert Bitcoin and Ethereum into Thai baht. This initiative involves collaboration among Thailandโs SEC, BOT, and AMLO. Tourists will use licensed e-money platforms for transactions.
โThailand will become one of the worldโs major tourist destinations that integrates digital assets into the visitor experienceโฆ This technological leadership will attract tech-savvy, high-spending tourists who are early adopters of digital assets.โ โ Nirun Fuwattananukul, CEO, Gulf Binance
Thailandโs Digital Asset Integration in Tourism
The Bank of Thailand and the Securities and Exchange Commission lead this effort to expand the integration of digital assets. By enabling such conversions, Thailand aims to enhance tourism by attracting digital-savvy visitors who use cryptocurrencies.
Gulf Binance Backs Thailandโs Crypto Pilot
Gulf Binance supports the plan, aiming to position Thailand as a tech-savvy tourist destination. Tourist Council VP Bhummikitti Ruktaengam highlights the need for clear regulations to ensure legal compliance and prevent money laundering activities related to crypto transactions.
The initiative could boost financial transactions by incorporating blockchain technology, potentially affecting the regulatory landscape. Prior experiments in Phuket showed limited scope; now, wider use might bring extensive scrutiny to financial systems and regulatory processes. Mitrade Risk Disclosure Statement
Thailand Builds on Phuketโs Crypto Successes
Thailandโs earlier efforts, such as the Phuket program, paved the way for this wider initiative. Similar international attempts, notably in Dubai and Singapore, indicate varying degrees of regulatory and technological execution, emphasizing the challenges and opportunities Thailand might face.
Experts from Kanalcoin predict the program could set a standard for crypto integration in tourism, primarily because of the secure, regulated environment. This could differentiate Thailand from other initiatives by offering thorough risk management in digital asset conversion.
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