Thailand to Allow Foreign Tourists to Convert Crypto to Baht

Tourism-reliant Thailand will relax restrictions on foreign visitors converting digital-asset holdings into the baht to fund their travel expenses and spending while in the country.

The government wants to promote innovation and support the use of digital assets to stimulate Thailand’s tourism industry while offering convenient payment options for foreigners, Finance Minister Pichai Chunhavajira told a press briefing on Monday. The so-called TouristDigipay program will start its 18-month trial period through a regulatory sandbox in the fourth quarter, he added.