Tourism

Thailand To Launch Crypto-To-Baht Conversion For Tourists

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Thailand To Launch Crypto-To-Baht Conversion For Tourists

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Thailand will launch an 18-month pilot program allowing foreign tourists to convert cryptocurrency into Thai baht for spending. Conversions will be capped at approximately RM70,700 per visitor to mitigate risks like money laundering. Tourists will use licensed platforms, storing converted funds in online wallets for direct baht payments to businesses. The initiative aims to boost Thailand's tourism sector and potentially pave the way for wider digital payment adoption.

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