New Thai Prime Minister Anutin Chanbirakul was able to derail the country’s code

Thai parliament on Friday elected Anuthin Chanvirakul, the leader of the conservative Bumjai Hai Party, as the country’s new prime minister. The 58-year-old will become Thailand’s third leader since 2023. This can be a reason to worry, not reassurance, for locals.

According to a local news outlet, Anutin easily passed the 247 vote threshold in the lower chamber. Chaikasem Nitisiri, who was running against him and supported by the Sinawatra family, won 118 votes.

Anuchin will replace the dominant Fau Thai party Paethontarun Sinawatra, who was dismissed by the Constitutional Court in an ethics scandal last month about a year after she took office. Petongang, the daughter of former Prime Minister Thaksin Sinawatra, was found guilty on August 29th of violating the minister’s ethics over a court’s inconsistency with Cambodia.

Leadership Change: Is it bad for Thai cryptography bad?

The new Thai Prime Minister, known locally as the “Cannabis Crusade”, is set in lead A coalition of minorities fixed by uncertain political parties, including a group that thwarted progress, the predecessor of the People’s Party, as it seized power after the 2023 election.

His agreement with the People’s Party calls for the dissolution of Parliament within four months of his oath and the provision of his policy statement.

According to Cogan, the leader of Bhumjaithai may have won the support of the people’s party as he was “more stable” than Pheu Thai and was unpopular with his inability to fulfill his promises.

According to Pheu Thai, if all adults are given 10,000 baht through the government’s ambitious digital wallet program, domestic spending could increase GDP growth by 5%.

It was introduced under former Prime Minister Thretta Tabisin, but soon encountered financial and legal obstacles. The Policy Committee, established in October 2023, proposed a 500 billion baht borrowing method to improve the plan, set eligibility limits for recipients, and fund the project.

Concerns over fiscal regulations have killed the borrowing bill, and attempts to fund the program through state-owned banks have also failed. By early 2024, the government had turned its eye on the national budget and secured 122 billion baht in the 2024 budget bill.

On May 19, then Minister Paetongtarn Shinawatra announced the postponement of the initiative due to “deteriorating economic conditions,” and President Donald Trump supported US trade tariffs.

cabinet Approval On June 18th, there was a Green Light 50 project spanning around 9,000 items, totaling 115.7 billion baht. The diversion of funds effectively ended Pautai’s promises, and Kogan said it “enfranchised public confidence in the party’s economic leadership.”

The new administration cannot ban digital assets entirely, but it could withdraw populist schemes linked to them. “The government of Anutin may abandon policies like digital wallet schemes for a more practical agenda,” the professor speculated.

After Anutin’s election, the Pew Thai party vowed to reorganize and push its agenda from the opposition bench. “For all pending policies, we will return to finish work for all Thai people,” the party said in a statement on social media.

The political change is unlikely to affect Thailand’s tourism digipai programme announced by Finance Minister Pichai on Monday.

According to Cryptopolitan late August InsightTouristDigipay is a way for foreign visitors to convert digital assets to BAHT for travel-related expenses. The program will run as an 18-month exam under a regulatory sandbox and is scheduled to begin in the fourth quarter.