In Thailand, plans have been announced to launch a state "crypto sandbox" that will allow foreign tourists to use cryptocurrencies during their stay in the country, reports Bangkok Post. The project has been approved by the Securities and Exchange Commission (SEC) and the Bank of Thailand. Public hearings have begun.

This involves creating a regulated environment in which foreign citizens will be able to exchange cryptocurrency for Thai baht through licensed operators. The digital assets themselves cannot be used directly as a means of payment, and the converted fiat funds must be spent through regulated electronic money platforms.$WCT $BANANAS31 $FUN