In a seminar organized by the Pheu Thai Party in Hua Hin on December 13, 2024, Thaksin Shinawatra, the former Prime Minister of Thailand, urged the Thai people to embrace digital currencies, especially Bitcoin. He mentioned that his friends believe the price of Bitcoin could rise to $850,000 in the future, warning that Thailand must be prepared for this growing global economic trend. He also revealed that his daughter, Prime Minister Paethongtarn Shinawatra, has instructed the government to explore using Bitcoin in tourist destinations such as Phuket and Hua Hin, through a trial program for Bitcoin transactions.
Additionally, Thaksin proposed the idea of issuing stablecoins backed by government bonds as an alternative to printing more money, which could help inject liquidity into the Thai economy without increasing public debt. He also warned of potential trade tensions with the U.S. if Donald Trump returns to the presidency, suggesting that Trump could use Bitcoin to pay down U.S. debt, highlighting the growing importance of digital currencies in global economic policies.
Thaksin also clarified that his remarks about cryptocurrency taxation, including a potential 15% VAT on Bitcoin transactions, were intended to provoke thought and discussion, rather than to recommend immediate policy changes.
Despite these concerns, Thailand is moving forward with its exploration of integrating digital currencies into its financial system, with Bitcoin and other cryptocurrencies playing an increasingly significant role in the global economy.
Sources:
Cryptopolitan News
Bitcoin Sistemi EN
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