Thaksin Takes Lead on ASEAN Cryptocurrency Initiative Under Malaysian Leadership

Malaysian PM Tasks Thaksin with Cryptocurrency Proposal

  • Former Thai PM Thaksin Shinawatra appointed as cryptocurrency advisor to ASEAN chair.
  • Initiative comes as global cryptocurrency landscape shifts with Trump’s recent pro-crypto stance.
  • Thailand, Malaysia, and Indonesia identified as potential early adopters in ASEAN’s crypto initiative.
  • Cryptocurrency proposal part of broader discussions including Myanmar conflict resolution.
  • Regional blockchain integration could reshape Southeast Asian financial dynamics.

In a significant move toward digital currency adoption in Southeast Asia, Malaysian Prime Minister Anwar Ibrahim has appointed former Thai Prime Minister Thaksin Shinawatra to spearhead a cryptocurrency proposal for the ASEAN bloc.

- Advertisement -

The appointment comes at a crucial time when global cryptocurrency markets are experiencing renewed attention, particularly following Donald Trump‘s recent endorsement of digital currencies and his initiative to establish a national cryptocurrency reserve in the United States.

Thaksin’s advisory role, confirmed during his February 2-3 meetings in Malaysia, prioritizes three ASEAN nations as potential early adopters: Thailand, Malaysia, and Indonesia. This strategic selection reflects these nations’ existing digital payment infrastructures and growing fintech sectors.

The initiative parallels global trends in central bank digital currencies (CBDCs), with several major economies already piloting similar programs. “The timing is crucial, especially with the United States now moving toward a more crypto-friendly stance,” Thaksin noted during the discussions.

Beyond cryptocurrency, Thaksin’s mandate extends to regional diplomacy, particularly regarding Myanmar’s political situation. “We understand why previous peace efforts weren’t successful,” he stated, referencing both the Myanmar conflict and southern Thailand’s ongoing unrest, though specific details remain confidential.

The cryptocurrency proposal represents ASEAN’s most concrete step toward regional blockchain integration, potentially transforming cross-border transactions and financial cooperation among member states. Success could position Southeast Asia as a significant player in the global digital currency landscape.

✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.

Previous Articles:

- Advertisement -

Latest News

AI-Powered Blockchain Activity Soars 86%, Nears Gaming Market Share

Blockchain-based Artificial Intelligence activity has grown by 86% since the beginning of 2025, according...

Maine Attorney General Recovers Thousands in Crypto Scam Case

The Maine Attorney General's Office has recovered thousands of dollars for a victim of...

Coinbase Shares Hit Highest Level Since 2021 Nasdaq Debut

Coinbase stock reached its highest price since its 2021 listing, nearly returning to debut...

BPX Gains FCA Nod to Trade Tokenized Securities in the UK

BPX, a startup focused on trading tokenized securities, received several authorizations from the UK’s...

Shopify, Coinbase Launch USDC Payments; Mastercard Expands Crypto Access

Shopify and Coinbase allow merchants to accept USDC stablecoin payments, making crypto transactions easier...

Must Read

How Much Money Do You Need To Start In Crypto?

TL;DR -If you are wondering How Much Money Do You Need To Start In Crypto, note that is less than you are probably thinking....