Thailand Launches ‘TouristDigiPay’ for Crypto-to-Baht Conversion

Thailand has launched a new program, ‘TouristDigiPay’, aimed at facilitating cryptocurrency transactions for foreign tourists visiting the country. The initiative enables tourists to exchange their Bitcoin and Ethereum holdings into Thai baht via licensed institutions within a regulatory sandbox framework. This program aims to modernize payment systems while ensuring compliance with local regulations. Crucially, direct crypto-to-merchant payments remain off-limits, requiring all spending to be converted into Thai baht after a conversion process.