Thailand to Launch Pilot Program for Cryptocurrency Payments for Tourists

Source
Son Min

Summary

  • The Thai government announced plans to conduct a cryptocurrency payment pilot program targeting tourists.
  • Tourists are expected to be able to link their cryptocurrencies with credit cards for use.
  • Pichai, Thailand's Finance Minister, emphasized the need for legal integration of traditional finance and the cryptocurrency market.

The Thai government plans to launch a pilot program for cryptocurrency payments targeting tourists.

According to Cointelegraph on the 27th (local time), Thailand's Finance Minister, Pichai Chunhavajira, announced that "Thailand plans to conduct a pilot program for cryptocurrency payments targeting tourists." The pilot program will allow tourists to link their cryptocurrencies with credit cards for use. It is planned to be fully implemented after the completion of core infrastructure and regulatory reviews.

Additionally, Pichai expressed his intention to reform cryptocurrency-related legislation. He stated, "Currently, Thailand's traditional financial market and cryptocurrency market are governed by separate laws. We need to integrate them to establish a consistent legal framework."

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Son Min

sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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