New Delhi, July 18 -- The Thai Securities and Exchange Commission (SEC) and the Bank of Thailand (BOT) is mulling to launch a 'crypto sandbox' for foreign tourists, a move that has been welcomed by digital asset exchange operators.

The move is aimed at enhancing the competitiveness in Thailand's tourism, which otherwise does not allow its residents to pay in cryptocurrency. However, foreign tourists may soon be able to exchange crypto for Baht under the new rules.

Here is your detailed guide of what a crypto sandbox is and how it will work in Thailand.

The Bank of Thailand along with SEC has invited public comments on the launch of the crypto sandbox across the country that will allow foreign tourists to use digital assets in Thailand,...