Thailand launched its “TouristDigiPay” scheme on Monday, August 18, allowing foreign visitors to convert crypto into Thai Baht for electronic payment across the country. The initiative operates within a regulatory sandbox framework with strict Know Your Customer requirements and monthly spending limits to prevent financial crime while boosting tourism revenues.Government Coalition Targets Tourism Recovery Through […]
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Category: Thailand
Thailand Plans Crypto Sandbox Allowing Tourists to Convert Crypto into Local Currency
Thailand is preparing to launch a regulatory crypto sandbox that will enable foreign tourists to convert their crypto assets into baht for spending locally.
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Thailand SEC Opens Consultation on Exchange-Issued Tokens, July 21 Feedback Deadline
Thailand has proposed updated listing standards that permit exchanges to list their own or affiliated tokens when used on-chain, provided issuers and related parties are fully disclosed. Exchanges would update legacy token data within 90 days, supporting market integrity and investor safeguards.
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Thai SEC Files Criminal Complaint Against OKX for Unlicensed Operations
Thailand’s Securities and Exchange Commission (SEC) has filed a criminal complaint against global cryptocurrency exchange OKX.
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Binance’s CZ Pledges to Donate 500 BNB Each to Thailand and Myanmar After Earthquake
Binance co-founder Changpeng “CZ” Zhao has pledged to donate 500 BNB—valued at approximately $605 each—to both Thailand and Myanmar.
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Thai Police Arrest Four Russians for Crypto Ransomware Attack on Swiss Companies
Four Russian nationals have been arrested in Thailand for their alleged role in crypto ransomware attacks targeting Swiss firms. The operation, coordinated across 14 countries, dismantled 27 servers linked to the criminal network, underscoring the growing global effort to combat cybercrime and protect digital assets.
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Thailand’s SEC to Launch Blockchain-Based Trading Platform for Digital Tokens
Thailand’s SEC is set to introduce a blockchain-based trading platform that will allow securities firms to trade digital tokens, marking a significant step in the country’s digital finance evolution.
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Thailand Authorities Raid Bitcoin Mining Farm Over Power Theft
Thailand’s Provincial Electricity Authority dismantled a Bitcoin mining farm in Chonburi for tampering with meters to steal electricity. The sophisticated operation caused losses in the millions and raised concerns about monitoring energy theft amid growing crypto-related crimes.
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Thailand Mulls Bitcoin Pilot Project, Binance to Endorse
Binance Thai arm has called for the Bank of Thailand’s oversight, emphasizing that the nation “must not be left behind.”
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Ex-Thai PM Thaksin Shinawatra Urges Government to Embrace Crypto and Sandbox Innovation
Thailand’s former Prime Minister, Thaksin Shinawatra, has called on the government to explore the potential of cryptocurrencies.
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