Thailand is gearing up to enable tourists to use cryptocurrency through credit card-linked platforms as part of a strategy to modernize its financial system and embrace digital assets. Deputy Prime Minister and Finance Minister Pichai Chunhavajira revealed the plan during an investment seminar in Bangkok on May 26. The initiative, currently under review by the Ministry of Finance and the Bank of Thailand, will allow tourists to connect their crypto holdings to credit cards for local purchases. Merchants will receive Thai baht without necessarily knowing that crypto was involved. The pilot program is set to launch once necessary infrastructure and regulatory checks are completed. Additionally, Thailand is planning to revamp its financial laws to unify the treatment of traditional capital markets and digital assets. The government is also considering lifting outdated restrictions on institutional investors, aiming to open up more investment opportunities in equities and private sector assets. Read more AI-generated news on: https://app.chaingpt.org/news