TechFlow reports that on January 14, according to Cointelegraph, former Thai Prime Minister Thaksin Shinawatra stated that allowing stablecoin and other tangible asset-backed token transactions carries "no risk," and urged regulators to legalize online gambling to increase revenue. He pointed out that the Thai government currently loses approximately $4 billion annually (100 billion Thai baht) in tax revenue from online gambling. Thailand's cabinet has approved a draft of the Integrated Entertainment Complex Operation Act, aimed at legalizing casinos and the gambling industry.
Although Thaksin does not hold office in the current administration, he remains influential in politics through his daughter, current Prime Minister Paetongtarn Shinawatra. He recommended the Securities and Exchange Commission (SEC) of Thailand permit stablecoin trading and proposed Phuket as a pilot region for cryptocurrency payments. He emphasized: "This poses no risk; it's simply another currency in the world."
