Thailand to Launch Investment-Grade Cryptocurrency Token

The Thai government is set to launch an investment-grade cryptocurrency token called the ‘G-Token’ designed for public investment. Finance Minister Pichai Chunhavajira announced that the cabinet has approved the issuance of 5 billion baht ($150 million) worth of these tokens within the next two months. These tokens, categorized as non-debt instruments, are intended to serve as a financing channel for current budget borrowing plans with expected returns exceeding those offered by traditional savings accounts.