According to Reuters and other foreign media, Thaksin Shinawatra
Former Thai Prime Minister Shinawatra urged Thai authorities to legalize the online gambling ecosystem at an event held on the 13th (local time).
Former Prime Minister Thaksin Shinawatra urged regulators to secure new revenue streams by legalizing online gambling, adding that "stablecoins and other tokens backed by real assets will be a big step forward."
"There is no risk in allowing online gambling," Thaksin said. Thaksin said the Thai government was missing out on about $4 billion in tax revenue from online gambling.
The proposal came hours after the Thai cabinet approved the Integrated Entertainment Business Act, a draft bill to legalize casinos and gambling. The bill allows for the establishment of entertainment venues and casinos.
The bill aims to allow gambling in Thailand and impose a tax on the country's illegal gambling industry. Though Prime Minister Thaksin Shinawatra is no longer in power, he still wields considerable influence in Thai politics. His
His daughter, Paetongtarn Shinawatra, is Thailand's prime minister. Thaksin Shinawatra has said the Thai government plans to regulate and tax online gambling.
He said, "Online gambling generates 2 to 4 million Thai users, savings of about 300 billion baht, and profits and losses of about 500 billion baht per year.
If we impose a 20 percent tax, we can raise more than 100 billion baht (US$4.527 billion) a year."
Former Prime Minister Thaksin Shinawatra previously said he would continue research and related experiments into cryptocurrencies.
He previously recommended that the Securities and Exchange Commission of Thailand (SEC) should introduce stablecoins and other low-volatility cryptocurrencies.
They requested that the cryptocurrency or coin be allowed to be traded.
2025/01/15 16:22 KST
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