Thailand is preparing to allow tourists to spend cryptocurrency using credit card-linked platforms to modernize the financial system and promote digital asset growth.
Finance Minister Pichai Chunhavajira disclosed the plan at an investment conference in Bangkok; Bank of Thailand is assisting in preparing for a pilot project where tourists could link digital tokens to credit cards for use in the country.
Thailand is working on new laws to integrate the capital market and digital asset market, allowing smoother investment and trading opportunities with better regulations.
Thailand's initiative in crypto tourism and digital finance, including a digital asset sandbox in Phuket, aims to boost the economy, attract more visitors, and position the country as a leader in Southeast Asia for digital progress.