{"id":23118,"date":"2023-08-28T03:37:20","date_gmt":"2023-08-28T03:37:20","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/crypto-linked-businessman-set-to-lead-thailand-as-prime-minister\/"},"modified":"2023-08-28T03:37:20","modified_gmt":"2023-08-28T03:37:20","slug":"crypto-linked-businessman-set-to-lead-thailand-as-prime-minister","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/crypto-linked-businessman-set-to-lead-thailand-as-prime-minister\/","title":{"rendered":"Crypto-Linked Businessman Set to Lead Thailand as Prime Minister"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
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Srettha Thavisin, previously associated with a company that invested in crypto firm XSpring Capital, has won a significant political role. Thailand\u2019s government has voted Srettha Thavisin, from the Pheu Thai Party, into the role of Prime Minister. This election might mark a shift in the nation\u2019s stance on cryptocurrency.<\/p>\n

Thavisin, with a landslide win of 482 out of a possible 747 votes, now awaits King Maha Vajiralongkorn\u2019s signature to officially become Thailand\u2019s 30th Prime Minister. He expressed his gratitude, saying:<\/p>\n

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\u201cI feel greatly honored to be elected as the 30th prime minister of Thailand. I would like to thank every Thai, coalition parties, honorable members of the House of Representatives, every senator who joined the vote today. I will try my best in doing my duties tirelessly to elevate Thais\u2019 lives.\u201d<\/em><\/p>\n

While Thavisin\u2019s political career is relatively fresh, his background as the former CEO of real estate giant Sansiri has connected him with the crypto world. His former company played a role in raising $225 million for XSpring Capital.<\/p>\n

\u201cTraditional finance is evolving, and we see a future with less intermediation between consumers and project finance. We\u2019re always keen on embracing innovation, and this investment aligns with our vision,\u201d<\/em> Thavisin had commented during that period.<\/p>\n

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Following this, Sansiri acquired a 15% share of XSpring Capital for $45 million and introduced its digital currency, SiriHub Token.<\/p>\n

In another strategic move, the Pheu Thai Party had promised 10,000 baht ($285) to every Thai citizen above 16 if they secured a win in the May general elections. They secured 28% of the votes, finishing second, while Move Forward took the lead with 38%.<\/p>\n

On the Crypto Landscape in Thailand The Thai government\u2019s initial approach to cryptocurrency was one of caution, predominantly exploring a central bank digital currency (CBDC). They had also contemplated imposing a 15% capital gains tax on digital asset earnings.<\/p>\n

Recently, there has been a noticeable shift. The country reevaluated their tax plans and considered crypto regulations for payments. They have also been proactive in reducing digital asset scams, even considering shutting down Meta<\/a> (formerly Facebook).<\/p>\n

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Thavisin\u2019s win could potentially boost the crypto industry in Thailand, given his tech-inclined background and past ventures.<\/p>\n<\/p><\/div>\n

Source link <\/a>
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(Originally posted on : Crypto News – iGaming.org ) Srettha Thavisin, previously associated with a company that invested in crypto firm XSpring Capital, has won a significant political role. Thailand\u2019s government has voted Srettha Thavisin, from the Pheu Thai Party, into the role of Prime Minister. This election might mark a shift in the nation\u2019s […]<\/p>\n","protected":false},"author":5,"featured_media":23119,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/23118"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=23118"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/23118\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/23119"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=23118"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=23118"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=23118"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}