BlockBeats News, May 14th. According to TheBlock, 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 a 5 billion baht (approximately $150 million) "Digital Investment Token" (G-Token) within two months. The product is positioned as a non-debt instrument and will serve as a financing channel for the current budget loan plan, with an expected yield higher than that of bank savings products.
The current Prime Minister of Thailand, Paetongtarn Shinawatra, whose father, Thaksin, a former Prime Minister of Thailand, had suggested earlier this year the "issuance of a bond-supported stablecoin." In January of this year, Thailand also expressed consideration for approving a Bitcoin ETF for local listing.
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