Thailand’s Securities and Exchange Commission (SEC) and central bank have launched a new crypto sandbox. This program lets foreign tourists change their digital assets into Thai baht, making it easy for them to spend money while visiting. The Bangkok Post reports that this will help make Thailand a major player in global digital finance.
Crypto Sandbox Details and Rules
Tourists can exchange cryptocurrencies like Bitcoin through licensed providers and use the baht through regulated e-wallets. The program builds on a previous idea from former Prime Minister Thaksin Shinawatra and will expand its reach across the country. The public can share feedback until August 13, 2025, to help shape this new program.
The crypto sandbox allows tourists to convert up to $14,286 per person each month. They can use platforms like Bitkub and Binance TH. Approved operators, such as exchanges and brokers, can test their services for 18 months under SEC supervision.
This controlled environment ensures that operators meet certain rules about eligibility, the services they provide, how much tourists can spend, and follow anti-money laundering regulations. The SEC has released a document for public feedback until August 13.
Thailand’s Crypto-friendly Environment
Thailand’s regulations are changing to attract crypto investors while maintaining financial stability. The SEC’s 2024 sandbox allows businesses to test new digital asset ideas. A VAT exemption on crypto trading that started in January 2024 also makes it more attractive to investors.
New laws starting in April 2025 will require foreign platforms to get SEC licenses, increasing transparency. The approval of stablecoins like USDT for trading will further support market growth. These steps position Thailand as a friendly place for crypto, as even retail investors may now trade Bitcoin ETFs.
As Thailand starts its crypto sandbox program, the country is set to take advantage of new trends in digital finance and tourism. Tourists will be able to spend their crypto-derived baht at markets and resorts, attracting tech-savvy travelers. With 35.54 million tourists generating $47.7 billion in revenue in 2024, this initiative could greatly boost the economy.
