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From the U.S. to Thailand, from Bitcoin to Ethereum, we’re tracking today’s most important crypto and AI stories as they unfold. This article will be updated throughout the day.
Thailand Launches Crypto-to-Baht Scheme for Tourists
The Thai government will roll out a new “TouristDigiPay” program on Aug. 18 that allows foreign visitors to convert cryptocurrency into Thai Baht for electronic payments. The scheme aims to revive tourism after a slowdown in arrivals, particularly from China.
Tourists must open accounts with licensed digital asset businesses and e-money providers, subject to Know Your Customer (KYC) and anti-money laundering checks. The program will run in a regulatory sandbox, with safeguards including spending limits and a ban on direct cash withdrawals.
Japan to Approve First Yen-Pegged Stablecoin Issued by JPYC
Japan’s Financial Services Agency (FSA) will allow the first domestically issued yen-backed stablecoin as early as this autumn, with fintech firm JPYC set to launch the token.
JPYC, based in Tokyo’s Chiyoda ward, is expected to be registered as a licensed fund transfer business later this month. The stablecoin will be pegged to the Japanese yen and operate under Japan’s revised legal framework for stablecoins.
Globally, the stablecoin market—dominated by U.S. dollar-pegged tokens—has surpassed $250 billion. Japan hopes yen-backed stablecoins can be used for purposes such as international remittances and digital payments, offering a regulated alternative in the growing sector.
Coinbase Smart Wallet Crosses 1 Million Accounts, Driven by Base App
Coinbase Smart Wallet account creations have surpassed 1,074,000, according to data shared by @defioasis.
On August 16 alone, 270,000 new accounts were created, marking the second-highest daily record. Nearly 279,000 accounts, or 25.9% of the total, were created in August following the launch of the Base app.
The Base app has emerged as a significant driver of adoption, accelerating growth for Coinbase’s smart wallet infrastructure.
This article, which will be updated within the day, is published on BitPinas: Thailand Lets Tourists Pay with Crypto via QR Codes | Live Crypto Updates | Aug. 18, 2025
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