The Thai Ministry of Finance plans to issue a digital investment token, G-Token, worth 5 billion baht, approximately 150 million USD, in the next two months. This plan has been approved by the cabinet. Finance Minister Pichai emphasized that this is a digital tool for raising funds from the public, not a debt security. The initial goal is only to 'test market reactions' and fully comply with the regulations of the Bank of Thailand.
Investors can participate with a small capital, expecting a higher yield than the current bank interest rates of 1.25% to 1.5%. In April, the Bank of Thailand lowered the benchmark interest rate to the lowest level in two years at 1.75%. Previously, former Prime Minister Thaksin proposed considering the issuance of a stablecoin based on government bonds for retail and institutional investors.
Source: https://tintucbitcoin.com/thai-lan-phat-hanh-g-token-dau-tu-tri-gia-5-ty-baht/
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