Foreign media: Thailand may implement a digital wallet program, distributing practical tokens worth 300 dollars to citizens aged 16 and above

2023-09-01 12:44:41

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ChainCatcher news, according to the Bangkok Post, the new Thai government is expected to issue utility tokens to support its digital wallet plan, which requires approval from the Bank of Thailand, as the regulatory agency currently prohibits the use of tokens as a means of payment.

ASPS is expected to distribute utility tokens worth 10,000 Thai Baht to Thai citizens aged 16 and above. It is estimated that the program will require a budget of 560 billion Thai Baht. The government is consulting with the Ministry of Finance and the Securities and Exchange Commission on how to issue this type of token and determine the source of funding.

It is reported that Thailand's new Prime Minister Srettha Thavisin promised during his campaign in April that if elected Prime Minister and after forming a government following the May 14 election, he would distribute digital currency worth 10,000 Thai Baht (approximately 300 USD) to each citizen aged 16 and above.

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