The Securities and Exchange Commission of Thailand (SEC) has announced a ban on the use of G-Token as a means of payment and transfers, emphasizing their role solely as an investment and savings tool. According to a statement from May 27, 2025, the G-Token, approved by the government for financing public debt, cannot be used for commercial transactions. The SEC is implementing smart contracts that will prevent the transfer of tokens between individuals or off exchanges to prevent their use as a means of payment. This decision is coordinated with the Ministry of Finance and the Bank of Thailand, which are concerned about potential risks to financial stability.
G-Token is aimed at attracting retail investors to government debt instruments through digital platforms, offering trading flexibility and a low entry threshold. However, the regulator emphasizes that the token is not a stablecoin and is not intended to replace the Thai baht. The SEC is also conducting public consultations on new rules for digital assets.
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