Thailand’s Former PM Urges Digital Currency Adoption
Former Thai Prime Minister Thaksin Shinawatra has urged the country to embrace digital currencies to stay globally competitive. He highlighted the growing importance of financial digitization and suggested sandbox experimentation to position Thailand as a leader in this space.
Shinawatra also referenced global economic shifts, including the potential use of Bitcoin for national debt, as reasons for this move. Thailand has already taken steps with a regulatory sandbox and tokenization efforts in collaboration with Hong Kong.
“There are already many cryptocurrencies. Some people say that in the future, we will have more currencies than countries. Today, Thai people must think and understand this.”
Shinawatra said.
$1 Billion Lawsuit Over Token Practices
BiT Global Digital Limited has sued a leading exchange, accusing it of delisting Wrapped Bitcoin (WBTC) to promote its own competing product. Critics argue this move undermines market fairness, as the delisting coincided with speculative token additions.
Attorney Kevin Kneupper warned,
“If exchanges can delist tokens while launching competitors, trust in the ecosystem is at risk.”
Exchange Responds to Allegations
The exchange defended its actions, stating that asset listings depend on strict compliance standards. While some industry leaders supported the explanation, others raised concerns about transparency and consistency.
These events highlight the ongoing challenges in balancing competition and innovation in the evolving digital asset space.
Disclaimer: This content does not constitute trading or investment recommendations. It’s essential to conduct your own research before purchasing any cryptocurrency or investing in any services.
