According to BlockBeats, the Thai government plans to issue an investment-grade cryptocurrency to the public. Thai Finance Minister Pichai Chunhavajira announced that the cabinet has approved the issuance of 5 billion baht (approximately $150 million) worth of 'Digital Investment Tokens' (G-Token) within two months. These tokens are positioned as non-debt instruments and will serve as a financing channel for the current budget borrowing plan, with expected yields higher than bank savings products.
Earlier this year, former Thai Prime Minister Thaksin Shinawatra, father of current Prime Minister Paetongtarn Shinawatra, suggested issuing a stablecoin backed by government bonds. In January, Thailand also expressed consideration for approving a local listing of a Bitcoin ETF.
