Thailand’s SEC Launches Digital Asset Sandbox Allowing Foreign Tourists to Exchange Bitcoin for Thai Baht

On July 17, the Thailand Securities and Exchange Commission (SEC), in partnership with the Bank of Thailand, introduced a regulatory sandbox enabling foreign visitors to convert digital assets into Thai baht for spending purposes. This initiative operates within a tightly monitored framework overseen by the SEC, the Anti-Money Laundering Office, and other key regulatory bodies. The sandbox aims to facilitate secure and compliant cryptocurrency transactions, promoting financial innovation while ensuring robust consumer protection. By integrating multiple regulatory authorities, the program underscores Thailand’s commitment to fostering a transparent and regulated digital asset ecosystem, enhancing the country’s appeal as a crypto-friendly destination for international tourists.