Thailand's Deputy Prime Minister and Finance Minister Pichai Chunhavajira announced at an investment seminar in Bangkok that Thailand is preparing to allow tourists to use cryptocurrency for purchases through a credit card-linked platform.
The plan is currently under review by the Ministry of Finance and the Bank of Thailand. Under this plan, tourists can link their cryptocurrency holdings to a credit card for local spending, with merchants receiving Thai baht as usual and typically unaware that the transaction involves cryptocurrency.
In addition, Thailand also plans to unify the legal framework for traditional capital markets and the digital asset sector, and will launch a blockchain-based "G-Tokens" program, allowing retail investors to purchase partial units of government bonds.
