Thailand: Securities and Exchange Commission opened consultation on digital asset regulatory sandbox allowing conversion of digital assets into Thai Baht

On 15 July 2025, the Securities and Exchange Commission (SEC) of Thailand opened a public consultation on a proposed digital asset regulatory sandbox until 13 August 2025. The sandbox is aimed at promoting the tourism sector, allowing for the conversion of digital assets into Thai Baht specifically for foreign tourists. This sandbox intends to offer tourists holding digital assets increased convenience by enabling exchanges through licensed operators to spend Thai Baht on goods and services via e-money platforms. Participation in the sandbox is open to licensed digital asset exchanges, brokers, and dealers, who must apply and adhere to the SEC's regulatory framework. The program requires robust risk management, including customer due diligence checks, in compliance with the Anti-Money Laundering Office standards. Participants must also integrate with e-money service providers regulated by the Bank of Thailand.