#CryptoNewss

The Thai government has announced that it will issue a blockchain-based token under the title of "digital investment token" within the next 2 months. The token named G-token, 5 billion THB ($150 million): will be used in places where funds are collected from the public through the current loan system, and those who buy it will be given higher interest rates than bank deposits, according to the finance minister.

The G Token came out after former Thai Prime Minister Thaksin said earlier this year that the Thai government should issue stablecoins backed by government treasury bonds.

Before the current Prime Minister, during the time of Prime Minister Thavisin, the government had almost completed the airdrop plan, but after Thavisin was ousted, the airdrop plan was also canceled. Now the G token will be released in 2 months, so it will be interesting to see what kind of transactions can be made.