Former Thai Prime Minister Thaksin Shinawatra has said there is "no risk" in allowing the trading of stablecoins and other tangible asset-backed tokens and urged regulators to legalize online gambling to increase revenue, Cointelegraph reported. He noted that the Thai government is currently losing around $4 billion (100 billion baht) in online gambling tax revenue annually. The Thai Cabinet has approved a draft Law on the Operation of Entertainment Complexes, which aims to legalize casinos and the gambling industry.