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Blockchain leader urges swift action for strategic bitcoin reserve

Blockchain leader urges swift action for strategic bitcoin reserve

13 Sept 12:20 Key points summarised by AI
  • Bitkub CEO Jirayut Srupsrisopa urges Thailand to establish a strategic cryptocurrency reserve, highlighting the missed opportunity and rising costs compared to nations like Bhutan.
  • He criticizes Thailand's conservative policies, advocating for a less restrictive approach and the development of actionable policies, potentially following Singapore's lead.
  • While the Phuket Bitcoin program is a positive step, Jirayut calls for the elimination of capital gains tax on crypto to attract businesses and traders, similar to Dubai.
  • He clarifies that cryptocurrency is an indispensable alternative payment method, not a competitor to fiat currencies, and stresses the need for accessible transaction channels to maintain economic competitiveness and attract foreign investment.
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Economy 1/1
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