[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  BSCN [@BSCNews](/creator/twitter/BSCNews) on x 1.3M followers Created: 2025-07-17 06:49:03 UTC THAILAND OPENS DOORS TO CRYPTO-SPENDING FOR TOURISTS - Thailand is rolling out a bold new initiative—foreign tourists can now convert crypto into baht and spend it across the country. Key Details: - Thailand’s SEC and central bank have launched a crypto sandbox. It lets foreign tourists swap digital assets for Thai baht. - They can then use those funds for travel, dining, and shopping, via regulated e-wallets. - No direct crypto payments are allowed. All spending is baht-only, converted through approved crypto platforms. Why Thailand Is Doing This: - For Thailand, tourism is a key economic driver. The country welcomed over 35M tourists in 2024, but numbers haven’t bounced back fully post-COVID. - This move targets tech-savvy travelers who already use crypto. It also puts Thailand on the map as a forward-looking crypto destination. Limits and Oversight: X. Up to ฿50,000/month for small vendor payments. X. Up to ฿500,000/month for verified merchants. X. All transactions go through licensed platforms and follow strict KYC and AML rules. - It’s a closed-loop system. Tourists must convert crypto to baht before spending, with full oversight from the SEC, Bank of Thailand, and Anti-Money Laundering Office. Partnerships & Public Input: - Thailand is using a BOOT model—private firms build and operate the system under strict regulatory conditions. - The sandbox is open for public consultation until August 13, allowing feedback from citizens, businesses, and crypto firms. What This Means for Crypto: - Thailand is merging crypto with real-world use cases without compromising on regulation. - It’s a testbed for how digital assets can fit into mainstream financial systems. If successful, it could pave the way for a digital baht or full crypto integration.  XXXXXX engagements  **Related Topics** [thai baht](/topic/thai-baht) [sec](/topic/sec) [bold](/topic/bold) [thailand](/topic/thailand) [$xwp](/topic/$xwp) [Post Link](https://x.com/BSCNews/status/1945737493472755989)
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BSCN @BSCNews on x 1.3M followers
Created: 2025-07-17 06:49:03 UTC
THAILAND OPENS DOORS TO CRYPTO-SPENDING FOR TOURISTS
- Thailand is rolling out a bold new initiative—foreign tourists can now convert crypto into baht and spend it across the country.
Key Details:
Thailand’s SEC and central bank have launched a crypto sandbox. It lets foreign tourists swap digital assets for Thai baht.
They can then use those funds for travel, dining, and shopping, via regulated e-wallets.
No direct crypto payments are allowed. All spending is baht-only, converted through approved crypto platforms.
Why Thailand Is Doing This:
For Thailand, tourism is a key economic driver. The country welcomed over 35M tourists in 2024, but numbers haven’t bounced back fully post-COVID.
This move targets tech-savvy travelers who already use crypto. It also puts Thailand on the map as a forward-looking crypto destination.
Limits and Oversight:
X. Up to ฿50,000/month for small vendor payments. X. Up to ฿500,000/month for verified merchants. X. All transactions go through licensed platforms and follow strict KYC and AML rules.
- It’s a closed-loop system. Tourists must convert crypto to baht before spending, with full oversight from the SEC, Bank of Thailand, and Anti-Money Laundering Office.
Partnerships & Public Input:
Thailand is using a BOOT model—private firms build and operate the system under strict regulatory conditions.
The sandbox is open for public consultation until August 13, allowing feedback from citizens, businesses, and crypto firms.
What This Means for Crypto:
Thailand is merging crypto with real-world use cases without compromising on regulation.
It’s a testbed for how digital assets can fit into mainstream financial systems. If successful, it could pave the way for a digital baht or full crypto integration.
XXXXXX engagements
