Thai Finance Minister Pichai Chunhavajira announced that the country will relax restrictions on foreign tourists converting digital assets into Thai baht to pay for their travel expenses and consumer spending in Thailand.

Speaking at a press conference on Monday, Pichai revealed that a program called TouristDigiPay will be launched in the fourth quarter, operating as an 18-month pilot under a sandbox regulatory framework.

The Finance Minister stated that the new measures will facilitate international travelers in using their digital assets and cryptocurrencies to support their consumption spending while in Thailand.

Under this program, foreign tourists will have a monthly spending limit of 500,000 Thai baht.