Former Thai Prime Minister Thaksin Shinawatra recently called for the government to accelerate cryptocurrency reforms to modernize Thailand’s economy. Speaking at an event in Bangkok, he emphasized that embracing digital finance and improving the regulatory framework could bring significant economic benefits to the country.
Thaksin urged the Thai Securities and Exchange Commission (SEC) to adopt a more progressive digital approach, particularly by allowing stablecoin trading and advancing other crypto-related initiatives. He believes cryptocurrency can modernize financial institutions, providing strong support for Thailand to adapt to the digital age.
Thaksin’s speech aligns with the Thai government’s recent efforts to innovate economically, such as piloting crypto payments in regions like Phuket. This move enhances Thailand's global competitiveness. He further reassured that cryptocurrencies are not inherently risky but are simply another form of currency in the global financial system. With proper regulation, digital currencies can become an integral part of Thailand’s economy.
Thaksin called for stronger government support for digital finance and cryptocurrency policies, advocating for the fusion of technology and finance. His remarks reflect his vision for economic innovation and his desire to position Thailand as a leader in the global digital economy.
Source: bitcoin.com
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