Thailand allows foreign tourists to exchange cryptocurrency for Thai baht for electronic payments According to Golden Finance, Thailand will launch the "TouristDigiPay" program on Monday, allowing foreign tourists to exchange cryptocurrency for Thai baht for electronic payments within the regulatory sandbox framework. The maximum monthly spending limit for a single account is 500000 Thai baht (approximately $14000), aiming to boost the recovery of the tourism industry. This plan is only for short-term visitors and requires strict KYC verification. According to the plan, foreign tourists must open accounts separately with digital asset companies and electronic currency providers regulated by the US Securities and Exchange Commission and Thai banks. The plan operates within a regulatory sandbox to ensure oversight and prevent the direct use of digital assets as a payment method. This service is only available to foreign tourists temporarily residing in Thailand. Participants must complete KYC audits in accordance with the standards of the Thai Anti Money Laundering Office. This service allows tourists to exchange digital assets for Thai baht and make electronic payments through QR code scanning. Previously reported, the Thai SEC and central bank plan to launch a "crypto sandbox" to support foreign tourists in exchanging cryptocurrency assets for Thai baht for consumption.