Former Thai PM Thaksin urges adoption of stablecoins to boost Thai income
Former Thai Prime Minister Thaksin Shinawatra stated that allowing stablecoins and other asset-backed tokens to be traded has "no risk" and urged regulators to legalize online gambling to increase revenue. He pointed out that the Thai government currently loses about $4 billion (100 billion baht) in online gambling tax revenue each year. The Thai cabinet has approved a draft of the "Entertainment Facilities Management Act" aimed at legalizing casinos and the gambling industry.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitget Will List EGL1 (EGL1). Come and grab a share of 850,000 EGL1
Notice: Maintenance for VND deposit service
TAUSDT now launched for futures trading and trading bots
Bitget to decouple loan interest rates from futures funding rates for select coins in spot margin trading
Trending news
MoreCrypto prices
More
