Thailand is allegedly planning a nationwide regulator Sandbox, which allows foreign visitors to convert Crypto into local currency for electronic payments in bid to promote tourism.
Known as a touristidigip, this scheme is expected to be live on Monday and allow users to exchange cryptocurrency for Thai Baht and make electronic payments through e -ney service providers, According On Saturday for a report from local newspaper The Nation.
Tourists in Thailand will only be eligible to use the service after opening an account with a digital asset business and an e-money provider regulated by the country’s Securities and Exchange Commission after checking their customer.
There will also be security measures such as a block on monthly spending limit and direct cash withdrawal. However, the full details on the touristide initiative will be released on Monday by the alleged Deputy Minister and Finance Minister Pichai Election.
Officials hope to promote Crypto tourism
The Touristidegipay Scheme is an attempt to breathe new life in the tourism industry of Thailand, and a direct reaction to the recession in foreign visitors, especially from China, which has long been considered the foundation stone of the industry, the nation said.
Thailand welcomed about 16.8 million tourists in the first half of 2025, last year at the same time below 17.7 million, 24% declines in East Asia tourists and 34% decline in visitor numbers from China, think tank world tourism institute Said In July 10 report.
The report said that tourists are eyeing other countries in the region, such as Japan is making it more inexpensive, and comparatively cheap Vietnam with its weak Japanese yen.
“The report has been underlined to compete in a changing regional landscape to increase diversification, market cancellation, and visitor experiences from the fall in 5% tourism in Thailand in 2025 in 2025.”
Thailand is still experimenting with Crypto
The Thai government has been reviewed using Crypto to encourage tourism, the country’s SEC has completed a public consultation on the use of financial innovation and digital assets to support economic and tourism development on 13 August.
Chunavajira first announced a tourististing initiative during an investment seminar in Bangkok on 26 May.
Connected: Thailand to block bybit, OKX and other crypto exchanges on 28 June
This allowed foreign visitors to pay for goods and services using cryptocurrency in Phuket, one of the most popular tourist destinations of Thailand after an announcement about a test in January. The test is still in tasks.
Countries and businesses adopting crypto to attract tourists
The kingdom of Bhutan in South Asia has also taken steps to integrate crypto payment into its tourism infrastructure, such as to pay for their expenses using Crypto using Crypto to partnership between Benance Pay and local bank DK Bank.
Jeff Bezos’s Blue Origin made a deal with SHIFT4 payment on August 11, providing customers to pay for external space visits to Bitcoin (BTC), Ether (Eth), Solana (SOL) and StableCoins such as USDT (USDT) and USDC (USDC).
Meanwhile, in July, the United Arab Emirates signed an agreement with Crypto.com, allowing passengers to pay for flights and in-Flight purchases using Crypto.
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