Thailand is taking a bold step into crypto adoption. The country plans to let tourists spend crypto through credit card-linked platforms.
Deputy Prime Minister and Finance Minister Pichai Chunhavajira announced the plan on May 26. The idea is simple: tourists will link their crypto to a credit card, spend as usual, and merchants will receive Thai baht. Most sellers won’t even know crypto was used.
This new system could launch soon, once all tech and regulatory checks are completed. The government says it won’t affect the value of the Thai baht, since crypto is converted instantly during payments.
This move shows Thailand wants to attract tech-savvy tourists and digital nomads, many of whom already hold crypto. It’s also part of a wider effort to reform the country’s outdated financial laws.
Currently, traditional capital markets and digital assets are governed by different rules. Thailand wants to change that by merging these systems under a single legal framework.
Minister Pichai also pointed out that large investors like life insurers are limited in what they can buy. They’re mostly restricted to government bonds. New rules may let them invest in equities and private projects, bringing more money into the economy.
There’s also a plan to:
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Regulate high-frequency trading
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Give more power to the Thai SEC
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Improve fairness in capital markets
But Thailand isn’t just talking — it’s already moving. The country plans to issue $150 million worth of digital investment tokens, letting retail investors buy government bonds in small amounts. These “G-Tokens” could boost returns and raise Thailand’s profile in global markets.
In another big step, Thailand recently approved stablecoins like USDT and USDC for trading on regulated exchanges. This allows more flexibility and trust for both local and foreign investors.
Thailand’s actions send a clear message: crypto is welcome. By opening the doors to crypto payments and modernizing financial laws, the country is positioning itself as a future hub for digital finance in Southeast Asia.
For tourists, it means easier spending with crypto.
For investors, it means a more open market with clearer rules.
And for the crypto world, it’s another sign that mainstream adoption is growing.
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