Thailand Launches 'TouristDigiPay' Program to Allow Tourists to Exchange Cryptocurrencies for Thai Baht
PANews reported on August 18th that Thailand has launched a pilot program called "TouristDigiPay," allowing foreign tourists to exchange crypto assets for Thai baht for daily purchases. The program, which will initially run for 18 months, will be overseen by the Ministry of Finance, the Securities and Exchange Commission, the Anti-Money Laundering Office, and the Ministry of Tourism and Sports.
Tourists can exchange crypto assets for local currency through a regulated platform and use them at merchants nationwide. While the program aims to support tourism growth, it does not directly promote cryptocurrency as a means of payment. Participants must adhere to strict anti-money laundering and customer verification regulations. Furthermore, Thailand has previously approved a capital gains tax exemption for cryptocurrency transactions, effective until December 31, 2029.
Earlier on August 17, it was reported that Thailand will launch a cryptocurrency exchange program for foreign tourists .
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Crypto execs met with US lawmakers to discuss Bitcoin reserve, market structure bills
Lawmakers in the US House of Representatives and Senate met with cryptocurrency industry leaders in three separate roundtable events this week. Members of the US Congress met with key figures in the cryptocurrency industry to discuss issues and potential laws related to the establishment of a strategic Bitcoin reserve and a market structure.On Tuesday, a group of lawmakers that included Alaska Representative Nick Begich and Ohio Senator Bernie Moreno met with Strategy co-founder Michael Saylor and others in a roundtable event regarding the BITCOIN Act, a bill to establish a strategic Bitcoin (BTC) reserve. The discussion was hosted by the advocacy organization Digital Chamber and its affiliates, the Digital Power Network and Bitcoin Treasury Council.“Legislators and the executives at yesterday’s roundtable agree, there is a need [for] a Strategic Bitcoin Reserve law to ensure its longevity for America’s financial future,” Hailey Miller, director of government affairs and public policy at Digital Power Network, told Cointelegraph. “Most attendees are looking for next steps, which may mean including the SBR within the broader policy frameworks already advancing.“Read more
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