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Will Thailand’s New Prime Minister Deliver on His Crypto Airdrop Promise?
Thailand’s newly elected Prime Minister proposed a national airdrop for citizens, promising to give every citizen 10,000 Thai Baht in crypto if his party won the election.
Srettha Thavisin, a pro-crypto politician, was recently elected as the new Prime Minister of Thailand. During his campaign, Thavisin proposed a national airdrop for citizens, promising to give every citizen (aged 16 and over) 10,000 Thai Baht (approximately ~$280) in digital currency if his party, Pheu Thai, won the election. The ~$280 crypto airdrop, if executed, will need to be spent within a 4-kilometer community radius in six months.
Thavisin’s proposal has been met with mixed reactions. Some local stakeholders have called the move a “gimmick” and questioned if this would be the best use of funds instead of putting it towards alleviating poverty and other social issues. Others, however, see it as a positive step towards making Thailand an Asian fintech hub while spurring the development of its economy.
Thavisin’s appointment as Prime Minister has been seen as a positive sign for the future of cryptocurrency in Thailand, as he has been an active crypto investor and has expressed a positive stance on the technology.
Regardless of the reaction, Thavisin’s appointment as Prime Minister has put the spotlight on cryptocurrency in Thailand and has sparked a conversation about its potential uses and benefits. As Thavisin takes office, it remains to be seen whether his proposal for a national “crypto airdrop” will become a reality, but it is clear that he is committed to making Thailand a hub for fintech innovation, embracing blockchain technology.
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