Thailand’s Incoming Prime Minister Has Ties to Crypto Industry
Thailand’s new prime minister, Srettha Thavisin, has a background in the property industry and has also been involved in the cryptocurrency sector. Thavisin was elected by the Thailand parliament, securing an impressive number of votes. He was formerly the president and CEO of Sansiri, one of the largest real estate developers in Thailand, which has made investments in the crypto sector. Sansiri participated in a funding round for XSpring Capital, an investment management firm focused on digital assets. Thavisin’s victory is expected to impact the country’s cryptocurrency industry due to Sansiri’s involvement in the digital asset space.
Key Points:
- Thavisin was elected as Thailand’s next prime minister by the parliament.
- He was formerly the president and CEO of Sansiri, a major real estate developer in Thailand.
- Sansiri participated in a funding round for XSpring Capital, an investment management firm focused on digital assets.
- Thavisin’s victory is expected to have an impact on Thailand’s cryptocurrency industry.
- In April, Thavisin proposed distributing digital currency to Thai citizens if he won the election.
Hot Take:
Thavisin’s election as Thailand’s prime minister is significant for the country’s cryptocurrency industry, given his previous involvement in the sector. His ties to Sansiri and its investments in digital assets suggest a potential boost in regulations and support for the crypto market. Additionally, his proposal to distribute digital currency to citizens demonstrates a forward-thinking approach to embracing digital currencies and positioning Thailand as a fintech hub in Asia. Thavisin’s ascent to political power could have a positive impact on the development of the country’s economy and the well-being of its people.
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