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Thailand is gearing up to test a new initiative allowing foreign tourists to convert cryptocurrency into Thai baht for use across the country. The “TouristDigiPay” project, announced by the Securities and Exchange Commission (SEC), will operate as an 18-month regulatory sandbox starting in the fourth quarter of 2025. Developed with the Ministry of Finance, Anti-Money Laundering Office (AMLO), and Ministry of Tourism and Sports, the scheme aims to simplify spending for international visitors while boosting tourism.
Crypto will not be used directly for purchases; instead, merchants will receive payment in baht. Strict safeguards will be in place, including Know Your Customer checks, monthly spending limits, and a block on direct cash withdrawals. The SEC noted that the project builds on Thailand’s regulated digital asset and e-money systems, ensuring risk management for both travelers and businesses.
Officials view TouristDigiPay as a much-needed boost to Thailand’s tourism sector, which has struggled with a decline in visitors, particularly from China. Full details are expected Monday from Deputy Prime Minister and Finance Minister Pichai Chunhavajira.
