Thailand is reportedly planning a nationwide regulatory sandbox allowing foreign visitors to convert crypto into local currency for electronic payments in a bid to boost tourism.
Known as TouristDigiPay, the scheme is expected to go live on Monday and allow users to data-ct-non-breakable=”null” href=”https://cointelegraph.com/learn/articles/what-is-a-cryptocurrency-a-beginners-guide-to-digital-money” title=”null”>exchange cryptocurrencies for Thai baht and make electronic payments through e-money service providers, data-ct-non-breakable=”null” href=”https://www.nationthailand.com/business/digital-assets/40054107″ rel=”noopener nofollow” target=”_blank” title=”null”>according to a report on Saturday from local newspaper The Nation.
Only tourists in Thailand will be eligible to use the service after undergoing Know Your Customer due diligence checks…
