August 22, Thai parliament Elected Real estate tycoon Suretta Thavisin becomes the next prime minister. Thavisin is best known as the former president and CEO of Sansiri, one of Thailand’s largest property developers, which also has experience with cryptocurrencies.
Thavisin was the only candidate nominated by Pheu Thai Party, winning 482 out of 747 votes in the Thai parliament.
Sansiri was an active investor in Thailand’s digital asset industry, so his win could have implications for Thailand’s cryptocurrency industry.Tabycin stop He will become CEO of Sansiri in April 2023, amid speculation that he will be named Thailand’s next prime minister.He also let go At the time, it held a 4.4% stake in Sansiri.
In 2021, Sansiri participated in a $225 million funding round for crypto-friendly investment management firm XSpring Capital. Next, XSpring launched The company aims to become one of the top three companies in the cryptocurrency exchange market by 2025.
Apart from backing major crypto projects in Thailand, Thavisin’s Sansiri is also known for issuing and distributing its own token through XSpring in 2022. Called the SiriHub token, this digital asset is part of an initial coin offering backed by real estate. offered A total of 240 million tokens will be available to the public in 2022.
In April 2023, the Pheu Thai Party, which Mr. Thavishin joined in November 2022, announced that it would distribute funds to the Thai people if they won the election, specifically giving them 10,000 Thai baht ($285). , proposed to transfer the amount in digital currency.
the Tavisin government and Be expected Although he is expected to take office by the end of September, it remains to be seen whether his crypto background will influence Thailand’s crypto policy.
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A few days before the vote, Tavisin appealed to X (formerly Twitter): stress He said he took part in the election to “improve the country and the economy.” he added:
“My enemy is poverty and inequality of the people. My goal is the well-being of all Thai people.”
The news comes months after Thailand’s Cabinet decided to cut corporate income tax and VAT for companies that issue investment tokens. Deputy government spokeswoman Ratchada Donadirek, who announced the initiative in March, said the government expects the investment token offering to generate 128 billion baht ($3.7 billion) over the next two years.
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