- Financial reforms modernize Thailand’s approach to digital and traditional markets.
- Tourists can spend cryptocurrency in Thailand seamlessly.
- New system minimizes risk to the Thai baht.
Thailand is set to allow international tourists to spend cryptocurrency through credit card platforms, the Thai government announced at a seminar in Bangkok on May 26, 2025.
Pichai Chunhavajira’s initiative could reshape Thailand’s financial landscape and strengthen ties between digital and traditional markets.
Deputy Prime Minister and Finance Minister Pichai Chunhavajira has revealed the plan to integrate cryptocurrency spending as part of ongoing financial reforms. This initiative aims to modernize the Thai financial sector and streamline crypto integration. The policy is a first-of-its-kind, enabling tourists to spend cryptocurrencies while merchants receive Thai baht payments. Significant steps include unifying legal frameworks for digital assets and traditional capital markets.
The implementation of crypto spending impacts international tourism and the local economy. It allows tourists to utilize digital currencies while supporting Thailand’s domestic currency stability. This model is designed to enhance tourist spending flexibility without undermining local financial systems. The move also signifies a shift in policy that could influence regulatory approaches across the region.
While specific cryptocurrencies involved remain undetermined, this initiative highlights a potential increase in adoption among tourists. The government’s proactive stance may prompt revisions in regulatory frameworks, influencing how digital assets interact with traditional markets. Reviewing outdated laws further clarifies the government’s intent to attract more innovation and investment within the financial sector.
“This groundbreaking policy allows tourists to engage with Thailand’s economy using cutting-edge technology while ensuring our merchants receive payments in Thai baht.” – Pichai Chunhavajira, read more
The Thai SEC is working on expanded enforcement capabilities, addressing gaps between traditional and digital financial systems. Proposed legislation will enhance the SEC’s reach, allowing it to handle significant cases directly. Analysts predict this could bolster investor confidence and pave the way for other blockchain-based financial tools like tokenized bonds.
