TechFlow reports, on January 20, according to the Bangkok Post, former Thai Prime Minister Thaksin Shinawatra announced at the ASEAN Economic Forum that Thailand will launch a cryptocurrency regulatory sandbox program in Phuket in October 2025. The initiative will focus on stablecoin applications to balance innovation and risk, initially piloting in the tourism sector.
Thaksin emphasized Thailand's regional leading advantage, especially amid Trump's support for cryptocurrencies. Gulf Binance CEO Nirun Fuwattananukul stated that the sandbox model will provide a controlled environment for businesses and consumers to adopt cryptocurrency applications while ensuring effective regulation.
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