Thailand's SEC and central bank plan to launch a "crypto sandbox" to support foreign tourists in exchanging crypto assets for Thai baht for consumption

ChainCatcher news, according to the Bangkok Post, the Securities and Exchange Commission (SEC) of Thailand and the Bank of Thailand plan to launch a crypto regulatory sandbox aimed at foreign tourists, allowing visitors to exchange digital assets for Thai baht through licensed platforms and use them via locally regulated electronic payment services. The plan is currently in the public hearing stage, with an initial service period of up to 18 months, prohibiting direct crypto payments, which must be converted to fiat currency before transactions.

The policy aims to enhance the competitiveness of tourism through crypto financial technology, and is expected to be implemented with the participation of compliant institutions, including Gulf Binance. However, the Tourism Authority of Thailand (TCT) has warned against a hasty rollout, calling for strengthened anti-money laundering measures and improved overall ecosystem readiness.