After following intelligence reports about foreigners operating illegal online services, Thai immigration police have detained five Indian nationals suspected of operating an...
Thailand rolls out tourist crypto use and G-Token
Thailand is making a confident move into the digital future, announcing plans to let tourists spend crypto during their visit, with the government working on a new system that will convert crypto to Thai Baht, without merchants even knowing crypto was used.
Deputy Prime Minister and Finance Minister Pichai Chunhavajira calls this move part of Thailand’s plan to become a digital-friendly country. The government is already discussing this pilot project with the Bank of Thailand.
Revamps in Thai financial laws
Thailand is also applying changes to its financial laws to better integrate both traditional and digital markets. The government plans to merge the rules governing stocks and crypto, making it easier for investors to move funds across different asset types.
At the same time, Thailand is rolling out its first government-backed digital token, the G-Token. Unlike Bitcoin, this isn’t meant for speculation. It will be available only through specific digital wallets, traded on approved exchanges, and can’t be used for direct purchases. With the casino entertainment complex bill on the horizon, officials stress the token is designed to support public interest and technological progress, not personal profit.
Thailand’s Senate rejected the draft bill to introduce integrated resorts with casinos, pointing to concerns over social stability, economic security, and national safety.
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