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Home - News - Thailand Introduces Crypto Payments For Tourists

News

Thailand Introduces Crypto Payments For Tourists

Oladapo Timothy
Last updated: August 20, 2025 9:45 pm
Oladapo Timothy
Published: August 20, 2025
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Disclosure: BTCRepublic provides analysis and forecasts but does not offer investment advice. Our content is for informational purposes only. Please conduct your own thorough research and consult with a financial advisor before making any investment in cryptocurrency.
Thailand Introduces Crypto Payments For Tourists

Thailand will launch an 18-month pilot programme to allow foreign visitors to convert cryptocurrencies into baht to make payments locally, officials said on Monday, part of efforts to rejuvenate the country’s critical tourist sector.

Contents
  • Thailand To Launch Crypto-to-Baht Conversion For Foreign Tourists
  • Official reasons and framework conditions
  • Assessment of the measure

Conversions will be capped at 550,000 baht ($16,949.15) to test the system and prevent money laundering, Finance Ministry permanent secretary Lavaron Sangsnit told reporters, adding that the limit could be reassessed after the pilot period is over.

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Thailand To Launch Crypto-to-Baht Conversion For Foreign Tourists

Thailand is launching a new pilot project that allows foreign tourists to convert cryptocurrencies into Thai baht. The measure is part of a strategy to revive the tourism sector after pandemic-related slumps.

The government is introducing an 18-month pilot project called TouristDigiPay, which enables tourists to exchange cryptocurrencies into baht via licensed platforms.

The conversion is capped at a maximum of 550’000 baht (around CHF 13’600) per person to prevent money laundering. Visitors can then spend the converted baht through regulated e-wallets and QR code payments in shops – direct payment with crypto will not be possible in the first stage.

Official reasons and framework conditions

Finance Minister Pichai Chunhavajira explained that the initiative aims to encourage tourists to spend money more quickly and to strengthen the struggling tourism sector.

The involvement of the Finance Ministry, the SEC, the Anti-Money Laundering Office, and the Tourism Ministry highlights the importance of the initiative as a public sandbox. The projected number of tourists for 2025 has already been cut by 10% to 33 million – a clear signal of how urgently innovation in the payments sector is needed.

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With TouristDigiPay, Thailand is creating an interface between crypto and the real economy. The per-tourist cap is intended to help minimize risks, while tech-savvy visitors gain an easy way to spend money.

In regions facing a decline in traditional visitor flows, such as from China, the country is opening up a new target group: crypto-travelers. If nationwide implementation succeeds, Thailand could secure a long-term role as a technological frontrunner in the Asia-Pacific region.

Assessment of the measure

Another crucial aspect is the signal it sends to other countries in the region. While many Southeast Asian nations are still experimenting with restrictive regulations, Thailand is demonstrating that controlled integration of crypto payments into everyday life is possible.

If the pilot projects prove successful, this could put pressure on neighboring countries like Malaysia, Vietnam, or Indonesia to adopt similar solutions to remain competitive in international tourism.

In addition, the program could also benefit the domestic economy. By directly converting cryptocurrencies into baht, additional foreign currency flows into the financial system more quickly and efficiently, strengthening banks, payment service providers, and local merchants.

Especially in tourist hotspots such as Bangkok, Phuket, or Chiang Mai, this could lead to smoother payment processes and further enhance Thailand’s attractiveness as a travel destination.

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ByOladapo Timothy
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An expert, trader and writer with extensive experience of digital assets, covering everything related to the burgeoning crypto industry — from price analysis to Blockchain disruption. I have authored more than 2,000 stories for crypto and fintech media outlets. I am particularly interested in regulatory trends around the globe that are shaping the future of digital assets.
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