Thailand’s next prime minister Srettha Thavisin has crypto history

Thailand’s parliament on Aug. 22

Days ahead of the vote, Thavisin took to X (formerly known as Twitter) to stress that he was participating in the elections because he wanted to “improve the country and the economy.” He added:

“My enemies are poverty and the inequality of the people. My goal is the well-being of all Thai people.”

The news comes a few months after Thailand’s cabinet decided to offer tax breaks for corporate income tax and value-added tax for companies that issue investment tokens. Announcing the initiative in March, deputy government spokesman Rachada Dhnadirek said that the government expects investment token offerings to generate 128 billion Thai baht ($3.7 billion) over the next two years.

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