Thailand Launches Nationwide Cryptocurrency Tourism Sandbox Program
Powered by ChatGPTOn July 17, according to the Bangkok Post, the Thai Securities and Exchange Commission (SEC) and the Bank of Thailand jointly launched a nationwide cryptocurrency sandbox program, allowing foreign tourists to exchange digital assets for Thai Baht for tourism consumption. The program is jointly supervised by multiple regulatory agencies and aims to enhance Thailand's tourism competitiveness and promote the application of digital assets. According to the regulations, tourists can only exchange currencies through licensed digital asset operators and must spend through regulated electronic payment platforms, and are not allowed to directly use digital assets for payment. Operators approved to participate in the sandbox can provide services for up to 18 months. [TechFlow]