Crypto Emphasis on Elections in Thailand

On the way to the election, Thailand, the opposition party candidate, promised citizens $300 in digital currency.

While the adoption of the crypto money industry is increasing day by day, politicians continue to make promises in this area. In the election race in Thailand, the opposition party candidate promised digital money.

Opposition Candidate Promises Crypto in Thailand Election Race

Pheu Thai Party announced at a campaign event on April 5 that it plans to pay 10,000 Thai baht (approximately $300) to all Thai citizens aged 16 and over, according to an April 7 report from the Bangkok Post. This promise by one of the party’s prime ministerial candidates, Srettha Thavisin, is seen as an incentive to help the local economy using Blockchain technology.

Thailand’s next general election will be held on May 14, when all 500 seats in the country’s House of Representatives will be elected on that date.

While crypto exchanges and trading are generally allowed in Thailand, the country’s Securities and Exchange Commission is considering banning staking and lending services. It does, however, set stricter rules for crypto custodians.