Skip to content
View in the app

A better way to browse. Learn more.

Thailand News and Discussion Forum | ASEANNOW

A full-screen app on your home screen with push notifications, badges and more.

To install this app on iOS and iPadOS
  1. Tap the Share icon in Safari
  2. Scroll the menu and tap Add to Home Screen.
  3. Tap Add in the top-right corner.
To install this app on Android
  1. Tap the 3-dot menu (⋮) in the top-right corner of the browser.
  2. Tap Add to Home screen or Install app.
  3. Confirm by tapping Install.

Thailand Launches Crypto-to-Baht Payment Option for Tourists

Featured Replies

  • Popular Post

5839466_1200.webp

Photo courtesy of Bangkok Post

 

Thailand introduces a new initiative, Tourist DigiPay, enabling tourists to convert digital assets into baht during their visits, in a move aimed at boosting the tourism sector. The programme, developed with the Securities and Exchange Commission (SEC), Bank of Thailand, and the Anti-Money Laundering Office (Amlo), allows foreign visitors to top up a digital wallet up to 500,000 baht monthly. This initiative aims to support tourism while ensuring strict anti-money laundering safeguards are observed.

 

The background to this initiative involves collaboration between regulatory bodies to promote digital innovation in Thailand's economy. Tourists will have an alternative payment option with robust risk management to prevent misuse of cryptocurrencies. SEC’s Digital Asset Policy Department highlights that this regulated system will facilitate seamless conversion of digital assets for legitimate tourism activities.

 

Industry reaction has been positive, with Nirun Fuwattananukul, CEO of Binance TH by Gulf Binance, praising the project as forward-looking and positioning Thailand as a technologically innovative country. He emphasized that Thailand’s advanced digital infrastructure makes it ideal for testing this project through a regulatory sandbox. However, stringent safeguards are in place to protect against money laundering and ensure compliance.

 

Looking ahead, the pilot programme is expected to run for 18 months. Tourists will undergo identity verification before using two linked wallets for effortless digital asset conversion and spending. Payments are capped at 500,000 baht per merchant QR code account monthly, aligning with typical tourist spending patterns. Tourist DigiPay cannot be used in high-risk businesses, ensuring funds are only for tourism-related activities.

 

Key Takeaways

  • Tourist DigiPay allows tourists to convert digital assets to baht, up to 500,000 baht monthly.
  • The programme includes stringent AML regulations and identity verification.
  • The pilot will last 18 months, boosting tourism while ensuring transactions are legitimate.

 

Related stories:

Chinese National Arrested Over Illegal Crypto Exchange

Police Raid Iris-Scan Crypto Network Across Thailand

 

image.png  Adapted by ASEAN Now from Bangkok Post 2025-11-07

 

image.jpeg

 

image.png

  • Popular Post
15 minutes ago, snoop1130 said:

Tourists will have an alternative payment option with robust risk management to prevent misuse of cryptocurrencies. SEC’s Digital Asset Policy Department highlights that this regulated system will facilitate seamless conversion of digital assets for legitimate tourism activities.

 

Hah, hah, hah. Scammers already dancing in the streets.

  • Popular Post

Who the heck dreams up this stuff?  Walter Mitty?!

16 hours ago, snoop1130 said:

a new initiative, Tourist DigiPay, enabling tourists to convert digital assets.....

......and the Anti-Money Laundering Office (Amlo).....

,.... top up a digital wallet up to 500,000 baht monthly....

......strict anti-money laundering safeguards......

 

Hub of comedy relief.

  • Popular Post
18 hours ago, snoop1130 said:

allows foreign visitors to top up a digital wallet up to 500,000 baht monthly.

 

18 hours ago, snoop1130 said:

Payments are capped at 500,000 baht per merchant QR code account monthly

Which is it - total or per merchant?

 

18 hours ago, snoop1130 said:

aligning with typical tourist spending patterns.

Really - tourists spending 500,000 in a month are "typical"..... (yes I know some do)

 

17 hours ago, John Drake said:

 

Hah, hah, hah. Scammers already dancing in the streets.

Agreed.

 

Yeah, I doubt this will boost tourism. Anyone into crypto knows how to turn it in fiat.

Have they rid of the Satang 's yet ?

  • Popular Post

Inviting scammers to have successfully steel it all.
What a stupid idea!!!

  • Popular Post

This is to attract even more foreign criminals to Thailand! Enough is enough.

43 minutes ago, Jim Blue said:

Have they rid of the Satang 's yet ?

 

Only foreigners with long stay visa (either Marriage or Retirement) are allowed on Satang. And you must travel to Bangkok for face-to-face interview before you get approved.

 

This is more difficult than obtaining US visa. And this is how it is supposed to be.

 

Is it April Fool's Day already?

  • Popular Post
1 hour ago, Hakuna Matata said:

This is to attract even more foreign criminals to Thailand! Enough is enough.

i agree but i think it also will aid those Thai who profited from scamming to turn their crypto into Thai baht as well. 500,000 per day transaction will get them their money fast.. Cut a few deals with merchants to pay a commission and sell your illegally earned crypto to them. 

2 hours ago, Nickcage49 said:

Yeah, I doubt this will boost tourism. Anyone into crypto knows how to turn it in fiat.

Getting it into THB is not so straightforward (cheap) due to capital controls. I for one am very sensitive to currency conversion spread and any commission or other charges.

22 hours ago, snoop1130 said:

The programme includes stringent AML regulations and identity verification.

 

They make it sound about as fun as a visit to the dentist. The target group won't be amused (amazed).

8 hours ago, Nickcage49 said:

Yeah, I doubt this will boost tourism. Anyone into crypto knows how to turn it in fiat.

Or an Alfa Romeo.

So the govt wants to promote crypto funds flowing into Thailand but make it more and more difficult for old retired geezers to get retirement visas.

 

But no worries as they have obviously thought it all out and are sure they can trace all the crypto and outsmart the schemes scammers international money laundry bunch and worse. 

 

But apparently they are unable to trace all sorts of criminals and crooks and people living in Thailand for years with overstays and dodgy doings even  with pile after pile or everchanging rules and regulations 90 day reports and rules that require hotels condos etc telling govt who is staying where and when....

 

I smell a new crypto scam city growing very quickly.

Create an account or sign in to comment

Recently Browsing 0

  • No registered users viewing this page.

Account

Navigation

Search

Search

Configure browser push notifications

Chrome (Android)
  1. Tap the lock icon next to the address bar.
  2. Tap Permissions → Notifications.
  3. Adjust your preference.
Chrome (Desktop)
  1. Click the padlock icon in the address bar.
  2. Select Site settings.
  3. Find Notifications and adjust your preference.