Golden Finance reported that according to Cointelegraph, former Thai Prime Minister Thaksin Shinawatra said there is "no risk" in allowing trading of stablecoins and other tokens backed by tangible assets, and urged regulators to legalize online gambling to increase revenue. He noted that the Thai government currently loses about $4 billion (100 billion baht) in online gambling tax revenue annually. Thailand’s cabinet has approved the draft Entertainment Complex Operations Act, which aims to legalize the casino and gaming industry.