{"id":76879,"date":"2023-04-07T18:54:00","date_gmt":"2023-04-07T15:54:00","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=76879"},"modified":"2025-09-10T19:57:20","modified_gmt":"2025-09-10T16:57:20","slug":"thai-party-pledges-to-distribute-cryptocurrency-if-it-wins-the-may-elections","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/thai-party-pledges-to-distribute-cryptocurrency-if-it-wins-the-may-elections\/","title":{"rendered":"Thai party pledges to distribute cryptocurrency if it wins the May elections"},"content":{"rendered":"<p>Srettha Thavisin, the leader of the opposition party For Thailand (Pheu Thai), pledged to give every citizen over 16 a sum in digital assets if the party wins the elections in May. The <a href=\"https:\/\/www.bangkokpost.com\/thailand\/politics\/2544674\/cash-handouts-spark-concern\">Bangkok Post<\/a> reports.<\/p>\n<p>The party plans to earmark about 500 billion baht ($15 billion) for the initiative, according to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-04-07\/thai-opposition-party-plans-15-billion-digital-tokens-to-resuscitate-economy?sref=3REHEaVI&#038;leadSource=uverify%20wall\">Bloomberg<\/a>. Each eligible resident would allegedly receive 10,000 baht ($300).<\/p>\n<p>The cryptocurrency to be used for the state airdrop has not been specified.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cOur country has been economically weakened over the past eight years [&#8230;]. The current government is handing out small cash handouts. This is the wrong path and does not foster proper economic growth,\u201d Thavisin said.<\/p>\n<\/blockquote>\n<p>In his view, the initiative would provide some economic support to local residents who have faced shrinking incomes and rising costs in recent years.<\/p>\n<p>As a reminder, since 1 April 2022, businesses in Thailand <a href=\"https:\/\/forklog.io\/v-tailande-zapretyat-primenenie-kriptovalyut-v-platezhah\/\" target=\"_blank\" rel=\"noreferrer noopener\">were advised<\/a> to stop accepting payments in cryptocurrencies.<\/p>\n<p>Later, authorities <a href=\"https:\/\/u1f987.com\/en\/news\/thailand-extends-vat-exemption-for-cryptocurrency-transfers-through-the-end-of-2023\">abolished VAT<\/a> on transfers of digital assets until the end of 2023. The regulation applies only if the transaction was conducted through a licensed crypto exchange.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Srettha Thavisin, leader of the opposition party For Thailand (Pheu Thai), pledged to give every citizen over 16 a sum in digital assets if the party wins the elections in May, according to the Bangkok Post.<\/p>\n","protected":false},"author":1,"featured_media":76880,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1266],"class_list":["post-76879","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-thailand"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/76879","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=76879"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/76879\/revisions"}],"predecessor-version":[{"id":76881,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/76879\/revisions\/76881"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/76880"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=76879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=76879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=76879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}