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<p class="has-drop-cap">Thailand’s parliament has <a aria-label="chosen  (opens in a new tab)" href="https://apnews.com/article/thailand-new-prime-minister-srettha-thavisin-af1ed439685a703cd1c34abf40ae2876" target="_blank" rel="noreferrer noopener nofollow" class="deco-link">chosen </a>Srettha Thavisin, a local business magnate behind one of the country’s biggest real estate firms, as the country’s next Prime Minister. During his campaign, Srettha notably <a href="https://tokenist.com/thailand-opposition-party-pledges-to-give-300-in-digital-currency-ahead-of-election/" rel="dofollow" class="deco-link">pledged to give a $300 crypto airdrop</a> to all citizens aged 16 and older if elected and is known to be pro-crypto.</p> 
<h3 id="who-is-srettha-thavisin">Who is Srettha Thavisin?</h3> 
<p>Srettha Thavisin, the candidate who promised every citizen above 16 years old a $300 crypto airdrop, has been elected the next Prime Minister of Thailand. The move marks the end of months-long uncertainty in the Southeast Asian country following the May elections.</p> 
<p>Alongside his involvement in politics, Srettha is primarily known as the leader of one of the biggest property firms in Thailand. The 61-year-old business magnate was chosen by the Pheu Thai party to lead efforts to stimulate the country’s economy and address one of the world’s largest inequality gaps.</p> 
<blockquote class="wp-block-quote"> 
 <p>“I’m doing this because I want to improve the country and the economy. I’d like to emphasize again. My enemy is people’s poverty and inequality. My goal is a better livelihood for all Thai people.”</p> <cite>– Srettha tweeted days before the vote. </cite>
</blockquote> 
<p>Before foraying into politics, Srettha was a well-known CEO of the local real estate developer Sansiri, which was also an active participant in the nation’s crypto sector. Two years ago, Sansiri acquired a 15% stake in Thai digital asset service provider XSpring, which manages a crypto brokerage platform with Krungthai Bank.&nbsp;</p> 
<p>In 2022, Sansiri announced the launch of a <a aria-label="SiriHub Token (opens in a new tab)" href="https://www.bangkokpost.com/business/2193663/xspring-digital-rakes-in-b2-4bn-from-sirihub" target="_blank" rel="noreferrer noopener nofollow" class="deco-link">SiriHub Token</a> on XSpring, a real estate investment trust-like (REIT) solution that offers dividends from Sansiri Campus, one of the developer’s major endeavors.&nbsp;</p> 
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<h3 id="srettha-s-promise-of-a-300-crypto-airdrop">Srettha’s Promise of a $300 Crypto Airdrop</h3> 
<p>Among the broader crypto space, Srettha is best known for his bold promise, wherein, if elected, he would <a href="https://www.bangkokpost.com/thailand/politics/2544674/cash-handouts-spark-concern" target="_blank" aria-label="provide a national digital asset airdrop (opens in a new tab)" rel="noreferrer noopener nofollow" class="deco-link">provide a national digital asset airdrop</a> to every Thai citizen of 10,000 Thai baht ($300). In particular, the airdrop would be distributed to each Thai citizen 16 years and older, though it can only be spent within 4 kilometers of their home.&nbsp;</p> 
<p>However, it remains uncertain whether the airdrop will happen. Thanakorn Wangboonkongchana, a minister in Thailand’s prime minister’s office, previously raised concerns about the proposal and requested additional details.&nbsp;</p> 
<p>He also said that “creating a digital currency would be a major challenge with implications for Thailand’s entire financial system,” the Bangkok Post reported.&nbsp;</p> 
<p>With the airdrop, Srettha and Pheu Thai party hope to spur cryptocurrency and blockchain innovation in Thailand. Earlier this year, the country’s <a href="https://tokenist.com/thailand-to-offer-tax-breaks-for-firms-that-issue-security-tokens/" rel="dofollow" class="deco-link">cabinet announced</a> it had agreed to offer tax breaks for local digital token issuers.&nbsp;</p> 
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<p><em><strong>Would Srettha and the Thai government proceed with the proposed airdrop? Let us know in the comments below. </strong></em></p> 
<p>The post <a rel="nofollow" href="https://tokenist.com/thailands-parliament-picks-pro-crypto-candidate-to-be-the-new-prime-minister/">Thailand’s Parliament Picks Pro-Crypto Candidate to Be the New Prime Minister</a> appeared first on <a rel="nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Thailand’s Parliament Picks Pro-Crypto Candidate to Be the New Prime Minister

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