Thailand launches the TouristDigiPay program allowing foreign tourists to exchange Crypto Assets for Thai Baht for consumption.

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[Jinse Finance] Jinse Finance reports that Thailand will launch the "TouristDigiPay" program on Monday, allowing foreign tourists to exchange Crypto Assets for Thai Baht for electronic payments within the Regulatory Sandbox framework, with a maximum monthly spending limit of 500,000 Thai Baht (approximately 14,000 USD) per account, aimed at boosting the recovery of the tourism industry. The program is only available to short-term visitors and requires strict KYC verification.

According to the plan, foreign tourists must open accounts with digital asset businesses and electronic money providers regulated by the U.S. Securities and Exchange Commission and the Bank of Thailand respectively. The plan operates within a Regulatory Sandbox to ensure oversight and prevent direct use of Crypto Assets as a payment method. This service is only available to foreign tourists temporarily residing in Thailand. Participants must complete KYC verification according to the standards of the Anti-Money Laundering Office of Thailand. The service allows tourists to exchange Crypto Assets for Thai Baht and make electronic payments through QR code scanning.

According to previous reports, the Thai SEC and the central bank plan to launch a "Regulatory Sandbox" to support foreign tourists in exchanging Crypto Assets for Thai Baht for consumption.

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Degentlemanvip
· 15h ago
Go to Thailand to drink coconut milk and earn 500,000 a month.
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MoonBoi42vip
· 15h ago
Thailand really dares to play like this.
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TopBuyerBottomSellervip
· 15h ago
Is KYC going to require identification again? Just waiting for the bull market to get busy.
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LiquidationWatchervip
· 15h ago
Such a high monthly spending limit? You could even set up a trap for Disney coin.
View OriginalReply0
JustAnotherWalletvip
· 15h ago
The limit of 140,000 dollars is amazing!
View OriginalReply0
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