Former Thai PM Thaksin Shinawatra expressed strong support for the adoption of stablecoins to stimulate the economy. He believes that these digital assets can significantly bolster Thailand’s financial ecosystem.
Shinawatra highlighted that legalizing online gambling could yield up to 4 billion USD in tax revenue. With millions of users engaged in online gambling, proper regulation and taxation could enhance government income.
The Thai cabinet’s approval of a draft law for casinos demonstrates a shift towards regulated gambling. Shinawatra also emphasized the potential for trialing crypto payments in Phuket, indicating a progressive approach to digital finance.