Thailand will launch a cryptocurrency regulatory sandbox in Phuket in October, focusing on the application of stablecoins
ChainCatcher news, according to the Bangkok Post, former Thai Prime Minister Thaksin Shinawatra announced at the ASEAN Economic Forum that Thailand will launch a cryptocurrency regulatory sandbox program in Phuket in October 2025. The program will focus on the application of stablecoins to balance innovation and risk, and will initially be piloted in the tourism sector.
Thaksin emphasized Thailand's leading advantage in the region, especially in the context of Trump's support for cryptocurrencies. Gulf Binance CEO Nirun Fuwattananukul stated that the sandbox model will provide a controllable environment for cryptocurrency applications for businesses and consumers while ensuring regulatory effectiveness.
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