Thailand is reportedly preparing to launch a national crypto sandbox specifically designed for tourists, a bold step aimed at integrating digital currencies into its booming travel sector and positioning the country as a regional leader in blockchain innovation.

According to sources familiar with the initiative, the sandbox will enable foreign visitors to use approved cryptocurrencies for payments, services, and investments during their stay in the country, all within a regulated framework. The Thailand Ministry of Finance is spearheading the  program in collaboration with the Bank of Thailand and the Securities and Exchange Commission (SEC), with support from the Ministry of Tourism and Sports.

The initiative will also enable visitors to convert their digital assets into baht for spending throughout the country, marking a significant step in integrating tourism with digital finance.

Thailand Aims for A Boost for Tourism and Tech.

Country officials say the crypto sandbox will help attract high-spending digital nomads, crypto investors, and Web3 entrepreneurs, many of whom already favor Southeast Asia as a base due to its favorable weather, lower costs, and increasing tech adoption.

“This initiative is part of our broader effort to revitalize tourism with innovation,” said a government spokesperson. “By providing a safe and compliant environment for using digital assets, we are opening new doors for economic growth, investment, and technology transfer.”

Thailand has long been a popular destination, but since the pandemic, the government has been exploring new digital strategies to diversify and future-proof its economy. 

Industry Reaction And Fear Of Money Laundering.

Bhummikitti Ruktaengam, vice-president of the Tourism Council of Thailand (TCT), said the SEC and the central bank have yet to properly inform tourism operators and stakeholders or clarify the regulations of the crypto sandbox prepped for Phuket.

He said the public in Phuket has hardly heard about the public hearing that the SEC is currently conducting.

“We’re not opposed to this scheme, but the government should ensure that it has prepared the entire ecosystem for cryptocurrency use before starting this programme.

Mr. Bhummikitti added that there are a few concerns regarding the sandbox programme in Phuket, particularly the prevention of money laundering using the cryptocurrency exchange as a tool, as the island has been overwhelmed by illegal foreign businesses.

Additionally, the Thai crypto and fintech communities have largely welcomed the move. “This is a smart strategy that could place Thailand ahead of the curve,” said Nattapon Supachai, a fintech advisor based in Bangkok. “It’s not just about crypto, it’s about building digital infrastructure for the next wave of economic interaction.”