Thailand Plans Crypto Spending for Tourists via Card-Linked Platforms

According to a report from Bangkok Post on May 26, visitors would be able to spend crypto during their stay, while local businesses would receive Thai baht as usual, without needing to handle digital currencies directly.

The idea is still being reviewed by the Ministry of Finance and the Bank of Thailand. A pilot program is expected once technical systems and regulatory safeguards are in place.

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The goal is to facilitate smooth cryptocurrency spending while preserving the value of the national currency. Since the baht would not be used in the exchange process itself, Pichai noted that this model could reduce financial risks.

Pichai also said current limits placed on institutional investors may be revised. Large funds such as life insurance companies and pension managers, which hold large amounts of Thai baht, are mostly restricted to government bonds.

The Securities and Exchange Commission could also receive greater authority. A new law is being drafted that would allow the agency to take major cases directly to prosecutors, which would speed up the legal process in serious matters.

To support savings and attract global interest in Thai bonds, Pichai highlighted a separate project called G-Tokens. This blockchain-based system would enable everyday investors to purchase small portions of government bonds.

On March 21, Pakistan announced plans to use 2,000 megawatts of surplus power to support Bitcoin mining and artificial intelligence (AI) projects. How will it work? Read the full story.