Thai PM's Removal Unlikely to Impact Existing Crypto Policies
CryptoNewsTerminal Staff14 Aug, 2024
Thai PM's Removal Unlikely to Impact Existing Crypto Policies
Despite the removal of Thai Prime Minister Prayuth Chan-o-cha by the Constitutional Court on Wednesday, existing cryptocurrency policies may remain largely unaffected, according to Coindesk. The Thai Constitutional Court ruled that Prayuth, who has been in power for over a year, violated the constitution by appointing a cabinet member who had been previously convicted of corruption. The future of cryptocurrency regulation in Thailand is uncertain, but local crypto industry stakeholders expect minimal disruption, as the ruling party, which has been supportive of the industry's development, remains in power.
