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Former prime minister pushes crypto to boost Thailand’s economy

Former Thai Prime Minister Thaksin Shinawatra has proposed implementing cryptocurrency-friendly policies in Thailand, emphasizing the need for the Thai SEC to adopt progressive regulatory frameworks to support digital finance innovations like stablecoin trading. He believes these moves can generate substantial economic benefits, aligning with Thailand’s modernization goals.

Thaksin also suggested a 20% tax on online gambling, which could raise over 100 billion baht annually. Highlighting the sector’s potential with millions of users in Thailand, he urged for responsible gaming measures such as user monitoring, underscoring a vision of harnessing digital tools for economic growth.

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