Crypto Adoption Takes Center Stage as Thailand’s Former PM Proposes Legal Gambling

Quick Summary:

Former Thai Prime Minister Thaksin Shinawatra has proposed a significant shift in Thailand’s approach to online gambling and cryptocurrency regulation.

Speaking at a public event in Bangkok, Thaksin outlined the economic potential of legalizing online gambling, a move he estimates could generate over 100 billion baht ($2.89 billion) annually in government revenue.

This approach mirrors similar models in countries where gambling is legal but tightly regulated, creating a pathway for Thailand to monetize this underground economy.

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Article Details

Author / Journalist: Samuel Edyme

Category: Crypto

Markets: HungaryHong KongSingaporeThailandUnited States

Topics: Crypto Market Crypto adoption Crypto Crypto regulation Crypto gambling Crypto News Online Gambling

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-15 @ 07:30:07 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 424 words

Reading Time: 3 minutes read

Sentences: 28 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 25171220

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News Last Updated: 8 hours ago

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