Zhao Changpeng: Former Thai Prime Minister optimistic about the legalization prospects of cryptocurrencies, stablecoins, and other industries
ChainCatcher news, Binance founder Zhao Changpeng shared an article titled "Former Thai Prime Minister Optimistic About Legalization of Cryptocurrency and Online Entertainment" on social media. The article states that former Thai Prime Minister Thaksin Shinawatra expressed that allowing the trading of stablecoins and other tokens backed by physical assets "poses no risk." He also urged regulators to legalize online entertainment to increase revenue sources.
ChainCatcher previously reported, according to Cointelegraph, former Thai Prime Minister Thaksin Shinawatra stated that allowing the trading of stablecoins and other tangible asset-backed tokens "poses no risk," and urged regulators to legalize online gambling to increase revenue. He pointed out that the Thai government currently loses about $4 billion (100 billion Thai Baht) in online gambling tax revenue each year. The Thai Cabinet has approved the draft of the "Comprehensive Entertainment Facility Management Act," aimed at legalizing casinos and the gambling industry.