Ex Prime Minister of Thailand Gives Glory to Bitcoin to 23. Million Facebook Followers in Bank Rant

When Thaksin Shinawatra, the former prime minister of Thailand was greeting his followers on Facebook for new years, he made sure to mention that people should start looking at digital currencies rather than banks.

He had stated:

“Today, E-commerce creates opportunities for young people to trade with people around the world. That both products and money are flowing more freely every day We must know how to use it. Even the business like the bank is tired. Because digital money is coming a little bit more, every country will have more digital money to be used in conjunction with more money in banknotes.”

The 69-year-old, who was overthrown in a military coup in 2006 and now lives in exile, claims the sector will create a new technological boom similar to the advent of the internet. There is enough opportunity in this area to create multiple millionaires and billionaires.

In his blog post, he had earlier written:

“Blockchain is going to create new millionaires, just like the internet. Blockchain has been out for many years, but it is not yet extensive because people still do not understand it.”

However, he warns that before those entrepreneurs venturing into this space should learn how to do business with the new technology. He gave an example of a meeting with two Koreans who had extensive expertise in blockchain but no business model. He also referenced a Rwandan coffee firm that used blockchain to connect local suppliers to high-end retailers as an example of innovation.

Thailand has been one of the top spots for crypto businesses. The country has provided a case study in how blockchain and cryptocurrencies can find a place even within rigidly authoritarian political structures. Slowly but surely, the military junta revealed and acted on plans to legalize ICOs, to authorize crypto-exchanges, and also to enforce a regulation that legitimizes crypto.

Bitcoin (BTC), Ethereum (ETH), XRP (Ripple), and BCH Price Analysis Watch (Feb 13th)

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Sritanshu Sinha
Sritanshu Sinha
Sritanshu has a keen interest in emerging technologies, startups and economic anthropology. He holds the view that cryptocurrencies are the best bet humanity has got to push the world towards a borderless economy.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,444FansLike
2,795FollowersFollow
4,192FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Despite Testing $10,000 Multiple Times, Bitcoin Bulls May Not Arrive Yet

Yet another week of bitcoin testing $10,000 and we are back at trading around $9,600. Since the halving on May 11, the digital currency...

#DeleteCoinbase Trending After the Coinbase Exchange's Deal with DEA & IRS Becomes Public

Cryptocurrency exchange Coinbase intends to sell its blockchain analytics software called Coinbase Analytics to two US government agencies. As per the public records, the Internal...

Top UN Blockchain Expert Believes Digital Currencies And CBDC's Pose a Threat To Bank Accounts

Top U.N. official says digital assets, particularly central bank-issued digital payment systems may soon replace bank accounts due to the low-interest rates. Massimo Buonomo,...

EU’s Law Enforcement Agency, Europol, Targets Bitcoin Privacy Tool Wasabi Wallet

Europol, the European Union’s Law Enforcement Agency recently released a two-part report analyzing the impact of privacy tools in crimes related to cryptocurrency. Privacy...

Andrew Yang's Former Aide Seeks Congressional Run in NY-10; Sets Eyes on UBI and Crypto

Jonathan Herzog, a crypto advocate and former aide at Yang's campaign, has launched his congressional run for New York's 10th District. The 26-year-old started...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today