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Thailand considers Bitcoin as a strategic reserve
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THE Thailand took an important step in the discussion about cryptocurrencies by considering the adoption of Bitcoin as a strategic reserve.
During an event held by the Pheu Thai political party, Thaksin Shinawatra, the country’s former prime minister, presented innovative ideas that could change the direction of the Thai economy. The meeting was attended by Paetongtarn Shinawatra, current prime minister and daughter of Thaksin.
In his speech, Thaksin highlighted the potential impact of Donald Trump’s reelection in the United States. He expressed concern about possible economic measures against Thailandsuch as the increase in tariffs due to the country’s trade surplus.
Furthermore, he drew attention to Trump’s strategy of transform Bitcoinresulting from seizures, in a US strategic reservea measure that is already being debated in the American Congress.
Strategic reserve with Bitcoin
Given this scenario, the former prime minister proposed that the Thai government study the use of digital assets like Bitcoin. He stressed that Thailand must anticipate global changes and understand the growing role of cryptocurrencies in the financial system.
Among the suggestions, Thaksin highlighted the creation of a regulatory “sandbox” by the Ministry of Finance to test the Bitcoin usage in tourist destinations like Phuket and Hua Hin. According to him, this measure can attract Bitcoin holders from other countries. In this way, the measure can boost tourism and boost the local economy.
Furthermore, the former prime minister suggested the issuance of stablecoins pegged to government bonds as an alternative to printing money.
This initiative, according to him, can increase the circulation of resources and reduce the impacts of public debt. He predicts that with these policies, Thai GDP could reach 3.5% in 2025 and 4% in 2026.
The speech was a milestone for the cryptocurrency debate in Thailand. Thaksin’s vision reflects an attempt to modernize the country’s economy by taking advantage of opportunities offered by technology and the global financial market. Currently the Bitcoin retreated to US$ 103 thousand after registering a new all-time high at US$106,000.
Thailand considers Bitcoin as a strategic reserve
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Thailand considers Bitcoin as a strategic reserve
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Thailand considers Bitcoin as a strategic reserve
