Thailand to allow crypto spending for tourists, eyes regulatory reform

Thailand is preparing to let tourists spend cryptocurrency via credit card-linked platforms as part of a broader strategy to modernize its financial system and embrace digital assets. The plan was announced by Deputy Prime Minister and Finance Minister Pichai Chunhavajira during an investment seminar in Bangkok on May 26, according to reports from Bangkok Post and The Nation. The initiative, currently under review by the Ministry of Finance and the Bank of Thailand, would enable tourists to link their crypto holdings to credit cards for local purchases. Merchants would receive Thai baht as usual, often without knowing crypto was used in the transaction source: https://cointelegraph.com/news/thailand-tourists-crypto-credit-cards-regulatory-reform?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound