#Former Thai Prime Minister Calls for Legalization of Cryptocurrency and Online Gambling#

Former Thai Prime Minister Thaksin Shinawatra recently called on the Thai government to legalize cryptocurrencies and online gambling, arguing that it would bring huge economic benefits to the country. Thaksin believes that adopting stablecoins and legalizing online gambling could unlock up to 40 billion baht in tax revenue, while also promoting innovation in Thailand. He argues that legalizing cryptocurrencies would attract more investment and propel Thailand to become a leader in the digital economy. He also emphasized that legalizing online gambling would generate substantial tax revenue for the government and effectively crack down on black market gambling. Thaksin’s call has sparked widespread discussion, with some supporting his proposal, believing it could lead to economic growth for Thailand. However, others remain concerned that legalizing cryptocurrencies and online gambling could pose risks, such as money laundering and gambling addiction. The Thai government has not yet responded to this call, but the incident will undoubtedly fuel further debate on the legalization of cryptocurrencies and online gambling.