Thailand Allows Crypto Spending via Credit Card

[5K1PP3R]

https://www.binance.com/en/square/post/24806733890274



So what's actually new or different?



Thailand's move likely means this:



Thai banks and payment providers will now support crypto integration , possibly issuing local crypto-enabled cards or accepting foreign ones without extra scrutiny.



Thai regulators now explicitly approve of crypto-to-fiat card transactions for non-residents, potentially removing prior legal gray zones or regulatory friction.



Thailand might enable crypto spending via cards issued by local entities, not just foreign platforms like Binance or Crypto.com.

 

[toums]

What’s the point of using a local Thai bank or local exchange just to get one of their “crypto debit cards”?



If your crypto gains are realized through a local Thai exchange and you're considered a tax resident, they are generally subject to a 15% capital gains tax.



Additionally, by using local banks or exchanges, you may be exposing yourself to remittance issues. Meaning the funds could potentially become taxable in Thailand once brought into the country.



It seems much easier and hassle-free to simply use a foreign exchange or crypto debit card provider, like RedotPay (HK), Crypto.com..

 

[harbonah]

There are a lot of global crypto debit card options that allow this, but maybe for local Thai citizens this would give them easier access to fiat?

 

[JosephLL]

ancientgolem said:






There are a lot of global crypto debit card options that allow this, but maybe for local Thai citizens this would give them easier access to fiat?

Click to expand...

There is exactly none global crypto debit card options.

 

[cckuhqilfownnfctux]

sorry for possible offtopic but I personally do not recommend Bitazza (TH) - bulls**t buggy app, bulls**t KYC SOF AML questionnaires, etc, hope Binance (TH) will be better.