{"id":7654,"date":"2025-01-14T18:20:21","date_gmt":"2025-01-14T18:20:21","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=7654"},"modified":"2025-01-14T18:20:21","modified_gmt":"2025-01-14T18:20:21","slug":"thailands-former-pm-advocates-for-crypto-legalization-suggests-using-bitcoin-for-debt-settlement","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=7654","title":{"rendered":"Thailand\u2019s Former PM Advocates For Crypto Legalization, Suggests Using Bitcoin For Debt Settlement"},"content":{"rendered":"<div>\n<p><span style=\"font-weight: 400\">Thailand\u2019s former Prime Minister, Thaksin Shinawatra, has expressed optimism about the potential of cryptocurrencies to revolutionize the financial landscape in Thailand.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to a <a href=\"https:\/\/www.reuters.com\/world\/asia-pacific\/thailands-thaksin-bullish-legalising-online-gambling-crypto-2025-01-14\/\">14 January 2025 Reuters report,<\/a> Shinawatra made a push for Thailand\u2019s financial institutions to be more open to cryptocurrency, citing incoming US President Donald Trump\u2019s pro-crypto stance.<\/span><\/p>\n<h2>\u201cThailand\u2019s SEC needs to have more digital approach,\u201d Shinawatra<\/h2>\n<p><span style=\"font-weight: 400\">According to <\/span><a href=\"https:\/\/www.nationthailand.com\/business\/economy\/40045156\"><span style=\"font-weight: 400\">local media reports,<\/span><\/a><span style=\"font-weight: 400\"> Thaksin suggested that Thailand should adopt global crypto trends, such as using Bitcoin for debt settlement and introducing Real World Asset (RWA) tokenisation \u2013 trading blockchain-based digital tokens representing tangible physical assets.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">He also unveiled plans for a cryptocurrency sandbox project in Phuket, where Bitcoin transactions would be state-managed to minimise risks.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Furthermore, Shinawatra insisted that the Thai<\/span> SEC should have a more digital approach, like \u201clike allowing trade of stablecoin, or coin that are backed by assets.\u201d <span style=\"font-weight: 400\">He also thinks that the appointment of Paul Atkins as the head of US Securities and Exchange Commission (SEC) is a very good sign.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Atkins served as an SEC commissioner from 2002 to 2008, and his background aligns closely with the cryptocurrency industry.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">His biography on Patomak Global Partners\u2019 website highlights his work with the Token Alliance<\/span><span data-preserver-spaces=\"true\">, a crypto advocacy group, where<\/span><span data-preserver-spaces=\"true\">\u00a0he has been\u00a0<\/span><span data-preserver-spaces=\"true\">involved in<\/span><span data-preserver-spaces=\"true\">\u00a0developing best practices for digital asset issuances and trading platforms since 2017.<\/span><\/p>\n<p><strong>Explore:\u00a0<a href=\"https:\/\/99bitcoins.com\/news\/donald-trump-picks-crypto-ally-paul-atkins-as-next-sec-chair\/\" rel=\"bookmark\">Donald Trump Picks Crypto Ally Paul Atkins As Next SEC Chair<\/a><\/strong><\/p>\n<h2><strong>Embracing Crypto Can Position Thailand As Regional Hub For Blockchain Development<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">Shinawatra highlighted that blockchain technology can be used as a tool for enhancing transparency, reducing transaction costs, and fostering innovation across various sectors. <\/span><\/p>\n<p><span style=\"font-weight: 400\">A<\/span><span style=\"font-weight: 400\">ccording to him, embracing cryptocurrency could position Thailand as a regional hub for blockchain development and digital finance.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Shinawatra\u2019s comments come at a time when cryptocurrency adoption is gaining momentum. <\/span><span style=\"font-weight: 400\">He proposed implementing clear regulations to protect investors while encouraging innovation. This includes licensing crypto exchanges, establishing anti-money laundering (AML) protocols, and collaborating with international organizations to ensure compliance with global standards.<\/span><\/p>\n<p>In fact, former Binance CEO Changpeng Zhao reposted this news on X.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Thailand\u2019s former PM bullish on legalizing crypto, stablecoins and online gambling. <a href=\"https:\/\/t.co\/2XB6zVq3VM\">https:\/\/t.co\/2XB6zVq3VM<\/a><\/p>\n<p>\u2014 CZ <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/72x72\/1f536.png\" alt=\"\ud83d\udd36\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> BNB (@cz_binance) <a href=\"https:\/\/twitter.com\/cz_binance\/status\/1879137253160849416?ref_src=twsrc%5Etfw\">January 14, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Thailand Trials Bitcoin Payments In Tourism<\/h2>\n<p>Recently, the Thai government announced a pilot project allowing tourists to make payments using Bitcoin and other digital currencies in Phuket, one of the country\u2019s most popular destinations.<\/p>\n<p>According to\u00a0<a href=\"https:\/\/www.nationthailand.com\/news\/policy\/40044945\">local media reports<\/a>, Deputy Prime Minister and Finance Minister Pichai Chunhavajira unveiled the plan during a seminar hosted by the Marketing Association of Thailand.<\/p>\n<p>The initiative aims to attract tech-savvy travelers by offering seamless payment options that eliminate the need for cash or traditional banking systems.<\/p>\n<p><strong>Explore: <a href=\"https:\/\/99bitcoins.com\/news\/this-week-in-crypto-asia-thailand-trials-bitcoin-payments-in-tourism-while-indonesia-shifts-crypto-oversight-to-ojk\/\" rel=\"bookmark\">This Week In Crypto Asia: Thailand Trials Bitcoin Payments In Tourism, While Indonesia Shifts Crypto Oversight To OJK<\/a><\/strong><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/thailands-former-pm-advocates-for-crypto-legalization-suggests-using-bitcoin-for-debt-settlement\/\">Thailand\u2019s Former PM Advocates For Crypto Legalization, Suggests Using Bitcoin For Debt Settlement<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Thailand\u2019s former Prime Minister, Thaksin Shinawatra, has expressed optimism about the potential of cryptocurrencies to revolutionize the financial landscape in Thailand.\u00a0\u00a0 According to a 14 January 2025 Reuters report, Shinawatra made a push for Thailand\u2019s financial institutions to be more open to cryptocurrency, citing incoming US President Donald Trump\u2019s pro-crypto stance. \u201cThailand\u2019s SEC needs to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-7654","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/7654","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7654"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/7654\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7654"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7654"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7654"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}