Former Thai Prime Minister Thaksin: BTC has become a global trend, urging the trial of BTC payments and CBDC to solve economic issues

Thai media reported that former Thai Prime Minister Thaksin Shinawatra mentioned Trump's trade after the election at a seminar, and also mentioned that a wealthy fren is confident that BTC will reach 850,000 baht. Thaksin Shinawatra is also the father of the current Thai Prime Minister, Phaethongthan Chinnawat, and he also suggested that the government should consider using Central Bank stablecoin instead of printing money. He also proposed to trial BTC payments at tourist destinations such as Phuket, while also expressing that the Thai government's 15% value-added tax seems a bit rushed.

Former Thai Prime Minister Thaksin warned of possible trade policies of the Trump administration

During the seminar held at the Intercontinental Hotel in Hua Hin, Phetchaburi on the 13th, Thaksin Shinawatra discussed the global situation and related issues with Thai political figures. The participating political figures include the leader of the Thai party and the current Prime Minister, Ms. Paethongtarn Shinawatra, former Prime Minister Settha Thavisin, as well as deputy prime ministers, ministers, members of parliament, and party members, etc.

He pointed out that the most worrying issue at present is Trump's return. Thailand has a trade surplus with the United States, and the United States may take action against Thailand, such as imposing tariffs. In addition, Trump may also consider using Bitcoin to repay U.S. debt.

Former Thai Prime Minister: BTC has become a global trend, and the government can try BTC payment

"I'm not saying this to encourage everyone to buy BTC, but this is the trend. There are already many cryptocurrencies, and some people believe that the number of currency types in the future will exceed the number of countries. Thai people must understand and adapt to this. The Prime Minister may instruct the Ministry of Finance to study whether BTC payments can be accepted. We can set up sandbox pilots in tourist areas like Phuket or Hua Hin, allowing people who hold BTC to use it for consumption." said Thaksin Shinawatra.

In addition to BTC payments, he also suggested that the Prime Minister could instruct the Ministry of Finance to study the possibility of injecting the economy through the issuance of stablecoins backed by government bonds, instead of traditional printing of money. He also stated that this could lead to a GDP growth rate of 3.5% next year, and reaching 4% by 2026 is not a problem. This is because the current situation in Thailand is mainly due to banks being unwilling to take risks, resulting in insufficient loan amounts in the economy. He believes that this could make the flow of funds in Thailand more smooth.

He also thinks that the government is a bit hasty in terms of the 15% value-added tax, or the policy is not quite complete.

This article: Former Thai Prime Minister Thaksin: BTC has become a global trend, urging the trial of BTC payments, CBDC to solve economic problems first appeared on Chain News ABMedia.