Thaksin Shinawatra supports the initiative to make Thailand a regional digital asset hub while proposing a sovereign strategic reserve to strengthen the financial and economic system.
According to Decrypt's report, Mr. Shinawatra met with a group of cryptocurrency investors in Bangkok to discuss integrating digital assets into tourism, traditional finance, and simplifying usage.
MAIN CONTENT
Thaksin Shinawatra supports the proposal to make Thailand a regional digital asset hub.
The Securities and Exchange Commission of Thailand is drafting cryptocurrency regulations for 2026, with the 2025–2030 roadmap including pilot programs.
Tax exemption for digital asset transactions for 5 years according to the draft after the Cabinet Resolution on June 17, along with the TouristDigipay service for tourists.
What specific proposals did Thaksin Shinawatra suggest for Thailand's role as a digital asset hub?
Short answer: He supports establishing Thailand as a regional hub for tokenization and digital assets, according to Decrypt's report.
Analysis: Shinawatra met with cryptocurrency investors in Bangkok to discuss this proposal. The meeting highlighted the idea of integrating digital assets into tourism and traditional finance to promote financial innovation and increase economic resilience.
The meeting included Asian companies in digital assets such as UTXO Management and Metaplanet, indicating regional investor interest in this initiative.
Does Thailand have the potential to become a regional cryptocurrency hub?
Short answer: There is potential as the government is finalizing the legal framework and implementing pilot programs under the 2025–2030 roadmap.
Analysis: The Securities and Exchange Commission of Thailand is drafting new regulations for 2026 to harmonize with international standards and reduce fraud risks. The 2025–2030 roadmap includes pilot programs using cryptocurrency in e-commerce and international remittances.
Clear legal decisions along with payment solutions for tourists like TouristDigipay will increase adoption, motivating Thailand to attract investment and become a regional hub.
What tax policies and incentives have been announced regarding cryptocurrency?
Short answer: The draft regulation exempts income tax for digital asset transactions for 5 years, prepared after the Cabinet Resolution on June 17.
Analysis: Deputy Minister of Finance Julapun Amornvivat announced the tax exemption on income from digital asset transaction profits for five years, aimed at encouraging businesses and investors to develop activities in the market.
I believe this is an important step to enhance the country's economic potential and create significant opportunities for Thai entrepreneurs to grow and affirm their mark on the global stage.
– Julapun Amornvivat, Deputy Minister of Finance, announced on Thursday, source: Forklog
Further analysis: Tax exemptions and initiatives like TouristDigipay, allowing tourists to convert cryptocurrency to baht for spending, demonstrate a strategy combining policy and products to promote cryptocurrency circulation in the real economy.
Frequently Asked Questions
Who initiated the proposal for the digital asset hub?
The proposal is supported by former Prime Minister Thaksin Shinawatra, who met with a group of cryptocurrency investors in Bangkok to discuss this idea, according to Decrypt's report.
Which organizations participated in the discussion about the cryptocurrency hub?
Meeting participants include several Asian digital asset companies, including UTXO Management and Metaplanet, according to the meeting notes in the source.
When will the new regulations in Thailand take effect?
The Securities and Exchange Commission of Thailand is drafting regulations for 2026, with the 2025–2030 roadmap including pilot programs applying cryptocurrency in e-commerce and remittances.
How do current tax regulations affect investors?
The Deputy Minister of Finance announced the draft to exempt income tax from digital asset transactions for 5 years, aimed at encouraging business and investment; specific regulations depend on the final legal documents.
Source: https://tintucbitcoin.com/cuu-thu-tuong-muon-thai-lan-hub/
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