Thailand’s TouristDigiPay initiative, set to launch on August 18, 2025, aims to boost tourism by allowing foreign visitors to convert cryptocurrencies into Thai baht for electronic payments. Regulated by the Bank of Thailand and SEC, users must pass KYC checks and open accounts with digital asset and e-money providers. The program includes spending limits and prohibits direct cash withdrawals. This follows a 5% tourism decline in 2025, with fewer visitors from China, prompting Thailand to compete with affordable destinations like Japan and Vietnam.