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The Thai SEC Teams Up with Thai Banks to Launch Sandbox Project, Allowing Foreign Tourists to Exchange Digital Assets for Thai Baht

By: theblockbeats.news|2025/07/17 05:42:02

BlockBeats News, July 17th - According to the Bangkok Post, the Securities and Exchange Commission of Thailand (SEC) is collaborating with Thai banks to launch a sandbox program that will allow foreign tourists to convert digital assets to Thai Baht for spending. This service will operate in a supervised controlled sandbox environment overseen by the SEC, the Bank of Thailand, the Anti-Money Laundering Office, and other regulatory agencies.

Sources: B2C2 plans to raise up to $200 million, will reduce its stake in SBI Holdings

The CEO of a US Bank stated that due to regulatory uncertainty and limited demand, the stablecoin plan is being postponed.