Former Thai Prime Minister Thaksin Shinawatra revealed that a cryptocurrency sandbox is set to be launched in Phuket by October, 2025. He also mentioned that Thailand will not accept high-risk cryptocurrencies such as meme coins like $TRUMP and $MELANIA. A Proactive Approach In a discussion about the ASEAN economy, Thaksin emphasized the proactive approach that Thailand has adopted toward cryptocurrency development, especially in contrast to other regional nations, particularly after Donald Trump once again became U.S. President. He pointed out that due to this approach, many other ASEAN countries are eager to collaborate with Thailand on cryptocurrency discussions, seeing it as an opportunity to inject capital into their respective economies. TIme Is Of The Essence When asked about his recent statements on inviting ASEAN countries to join in talks, Thaksin confirmed that such discussions are ongoing. He stressed the importance of adopting cryptocurrencies swiftly to prevent the migration of top talent to the United States. Thaksin further clarified that cryptocurrencies should not be mistaken for gambling, explaining that they represent a new type of currency, supported by assets like gold or government bonds, referred to as stablecoins, which carry less risk compared to traditional currencies.
