Thailand plans crypto-linked card payments for tourists using baht-settled transactions.
Capital market laws to unify digital and traditional asset regulations under one framework.
“G-Tokens” to let retail investors buy fractional Thai government bonds via blockchain.
Thailand is preparing to allow tourists to spend cryptocurrencies through innovative card-linked payment systems, a move aimed at modernizing its financial infrastructure and enhancing the utility of digital assets.
Deputy Prime Minister and Finance Minister Pichai Chunhavajira announced the proposal during an investment seminar held in Bangkok, citing the effort as part of broader financial reforms under government review.
Under this plan, tourists can link their crypto holdings to credit cards for making purchases at local merchants. Businesses in Thailand will continue to receive their payments in Thai baht, even though the underlying transactions might be settled using cryptocurrency. According to Minister Pichai, this approach is designed to limit the direct circulation of foreign digital assets as local currency.
Currently, Thailand’s Ministry of Finance and the Bank of Thailan…
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