• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Shinawatra: Legalizing Online Gambling and Stablecoins in Thailand

user avatar

by Giorgi Kostiuk

a year ago

Former Thai Prime Minister Thaksin Shinawatra suggested legalizing online gambling and stablecoins to enhance the country's tax revenue.

Influence on Thai Regulation

Although Shinawatra is not part of the current administration, he remains influential in Thailand's politics. His daughter, Paetongtarn Shinawatra, serves as the prime minister. Shinawatra claimed that the Thai government is losing nearly $4 billion in tax revenue due to illegal online gambling. To rectify this, he proposed legalizing the sector.

"Online gambling has two to four million Thai users with savings of 300 billion baht and gains and losses of about 500 billion per year. If we can tax 20% [...] we would get more than 100 billion per year."Thaksin Shinawatra

Recommendations on Cryptocurrencies and Stablecoins

Shinawatra also recommended that Thailand's Securities and Exchange Commission permit the trade of stablecoins and other non-speculative tokens. He noted that stable currencies could enhance economic integration and provide new opportunities for digital payments.

"There will be no risk; it is just another currency in the world."

Rising Interest in Digital Payments

In July 2024, Thailand distributed social benefits to 45 million citizens in digital form. Though the country's central bank completed a pilot retail CBDC project, there are no immediate plans for an official release.

Shinawatra's proposed initiatives could significantly increase state revenues and improve Thailand's economic situation.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Nexchain Introduces AI-Driven Layer1 with Revenue Sharing

chest

Nexchain is an AI-focused Layer1 blockchain that combines scalability and user rewards.

user avatarNguyen Van Long

IPO Genie Opens Private Market Opportunities

chest

IPO Genie provides everyday users access to private market and pre-IPO investment data.

user avatarKofi Adjeman

APEMARS APRZ Offers Substantial Returns for Early Investors

chest

APEMARS APRZ is currently offering an incredible opportunity for early investors with its Stage 5 pricing set at 0.000003629, allowing for substantial token acquisition and projected returns of 15,000%.

user avatarSatoshi Nakamura

Quant Price Pulls Back After Failing to Break Resistance

chest

Quant's price has pulled back to 7954 after an unsuccessful attempt to break above the descending channel resistance.

user avatarJesper Sørensen

SEC Clarifies Regulations for Tokenized Securities

chest

The SEC clarifies that tokenized securities are subject to the same federal laws as traditional securities.

user avatarRajesh Kumar

Market Trends Shift as Investors Reassess Durability

chest

Investors are shifting focus from speed to durability in the crypto market, with Zero Knowledge Proof (ZKP) gaining attention.

user avatarLucas Weissmann

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.