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Former Prime Minister of Thailand Thaksin Shinawatra predicts that Bitcoin could reach 850,000 USD and calls for the public to understand the crypto trend. He proposes testing Bitcoin payments in Phuket and issuing a stablecoin backed by government bonds to increase liquidity without increasing public debt.

Thailand is promoting the legalization of crypto, developing a Digital Asset Sandbox to test blockchain under the supervision of the Thai SEC, while also licensing more crypto exchanges.