#Former Thai Prime Minister proposes legalizing cryptocurrencies and online gambling#

Former Thai Prime Minister Thaksin Shinawatra recently proposed legalizing cryptocurrencies and online gambling, sparking widespread attention. He believes that incorporating stablecoins into Thailand's financial system and legalizing online gambling could bring significant economic benefits to the country, including unlocking 4 billion baht in tax revenue and promoting innovation. Thaksin Shinawatra argues that legalizing cryptocurrencies would attract more investment and boost the development of financial technology in Thailand, while legalizing online gambling would generate substantial tax revenue for the government and effectively combat illegal gambling activities. The proposal has sparked debate in Thai society, with supporters arguing that it would help boost the country's economic growth, while opponents are concerned about potential social issues such as gambling addiction and money laundering. The Thai government has yet to respond to the proposal, but the incident will undoubtedly have a significant impact on the country's future policy direction.