{"id":146759,"date":"2025-01-14T21:30:02","date_gmt":"2025-01-14T19:30:02","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=146759"},"modified":"2025-01-14T13:36:55","modified_gmt":"2025-01-14T11:36:55","slug":"former-thai-pm-urges-stablecoin-adoption-and-online-gambling-legalization-to-boost-economy","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/former-thai-pm-urges-stablecoin-adoption-and-online-gambling-legalization-to-boost-economy\/","title":{"rendered":"Former Thai PM Urges Stablecoin Adoption and Online Gambling Legalization to Boost Economy"},"content":{"rendered":"<p>Speaking on January 13, Thaksin <strong><a href=\"https:\/\/www.reuters.com\/world\/asia-pacific\/thailands-thaksin-bullish-legalising-online-gambling-crypto-2025-01-14\/\" rel=\"nofollow\">highlighted<\/a> <\/strong>how stablecoin adoption and regulated online gambling could provide new revenue streams and modernize Thailand\u2019s economy.<\/p>\n<p>Thaksin estimates the government could collect up to $4 billion annually by taxing the country\u2019s online gambling sector, which serves millions of users. He proposed a passport-style system to monitor gambling activity and ensure compliance. His remarks come shortly after Thailand\u2019s cabinet approved the Entertainment Complex Business Act, a draft law aimed at integrating casinos and underground gambling operations into the formal economy. The law, inspired by Singapore\u2019s success in boosting tourism and GDP, awaits approval by the House of Representatives.<\/p>\n<p>Advocating for cryptocurrency adoption, Thaksin urged regulators to allow stablecoin trading, calling them a low-risk asset that could expand Thailand\u2019s financial ecosystem. He suggested using Phuket as a testing ground for crypto payments, further positioning the country as a hub for digital innovation.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-146705\" href=\"\" title=\"\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\"><\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>Thailand has already made strides in digital finance, including distributing social benefits via digital money and piloting a retail central bank digital currency (CBDC). While the Bank of Thailand has no immediate plans to launch a CBDC, it continues exploring new opportunities to enhance the nation\u2019s payment systems. Thaksin\u2019s vision reflects a progressive approach to financial reform, focusing on innovation and economic growth.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Former Thai Prime Minister Thaksin Shinawatra has called for Thailand to embrace stablecoins and legalize online gambling.<\/p>\n","protected":false},"author":7,"featured_media":132335,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[25],"tags":[424,71],"coin_category":[],"class_list":["post-146759","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-regulations","tag-crypto","tag-stablecoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Former Thai PM Urges Stablecoin Adoption and Online Gambling Legalization to Boost 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