Thailand plans to allow tourists to spend cryptocurrencies

Odaily News Thailand is preparing to allow tourists to spend cryptocurrencies through a credit card-linked platform, Deputy Prime Minister and Finance Minister Pichai Chunhavajira announced at an investment seminar in Bangkok. The plan is currently under review by the Ministry of Finance and the Bank of Thailand. Under the plan, tourists can link their cryptocurrency holdings to credit cards for local consumption, and merchants will receive Thai baht as usual and will generally not know that the transaction involves cryptocurrency. In addition, Thailand also plans to unify the legal framework of traditional capital markets and digital assets, and will launch a blockchain-based "G-Tokens" program that allows retail investors to purchase fractional units of government bonds. (Cointelegraph)