Former Thai Prime Minister Thaksin Shinawatra has called on Thai financial institutions to take a more progressive stance regarding cryptocurrencies, according to a report. Reuters Report.
Although Thaksin no longer holds government office, he remains an important political figure, with his daughter Pethunthaan Shinawatra currently serving as prime minister.
Speaking at an event in Bangkok, Thaksin highlighted the economic opportunities of cryptocurrencies, noting global trends such as the United States’ crypto-promoting policy.
He pointed to the appointment of crypto deregulation advocate Paul Atkins to a key role at the U.S. Securities and Exchange Commission as a sign of growing global acceptance of digital assets. did.
Thaksin proposed that the Securities and Exchange Commission of Thailand (SEC) introduce a regulatory framework to support trading in stablecoins, which are asset-backed digital currencies.
He likened cryptocurrencies to existing global currencies and characterized them as having minimal risk.
When discussing digital innovation, Mr. Thaksin referred to the Thai government’s recent policies. pilot program This is considered a promising step towards integrating digital assets into the country’s financial ecosystem.
Featured image credit: Edited from freepic
