Overview

• The sandbox, overseen by the Securities and Exchange Commission and the Bank of Thailand, enables short-term foreign visitors to convert cryptocurrencies into baht via a dedicated Tourist Wallet QR-payment app.
• Participation requires tourists to open accounts with approved digital-asset and e-money providers plus pass strict KYC and AML screening before accessing conversion services.
• Monthly spending is capped at 500,000 baht at merchants with payment terminals with a 50,000 baht limit for smaller vendors; high-risk businesses are barred from the program.
• Thai residents and long-term visa holders are excluded from the system, which prohibits cash withdrawals until accounts are closed at departure.
• Officials, including Deputy Prime Minister Pichai Chunhavajira, unveiled TouristDigiPay as a supervised trial to boost tourism receipts in response to weaker visitor numbers.