{"id":26768,"date":"2025-05-14T15:02:06","date_gmt":"2025-05-14T15:02:06","guid":{"rendered":"https:\/\/dogewisperer.com\/thai-government-to-issue-150m-worth-of-digital-investment-tokens\/"},"modified":"2025-05-14T15:02:06","modified_gmt":"2025-05-14T15:02:06","slug":"thai-government-to-issue-150m-worth-of-digital-investment-tokens","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=26768","title":{"rendered":"Thai Government to Issue $150M Worth of Digital Investment Tokens"},"content":{"rendered":"
\n

Thailand’s Ministry of Finance is set to issue 5 billion baht ($150 million) of its digital investment token – the G-Token, to raise funds from the public, Finance Minister Pichai Chunhavajira said at a Tuesday briefing.<\/p>\n<\/p>\n

This story was originally reported by Bloomberg<\/a>.<\/p>\n<\/p>\n

The announcement came after the cabinet endorsed the new token’s initiative and is a part of the current budget borrowing plan. The initial 5 billion baht is meant to “test the market,” Chunhavajira added.<\/p>\n<\/p>\n

The decision follows the former prime minister of the country Thaksin Shinawatra’s request for the nation to consider issuing stablecoins backed by government bonds, earlier this year<\/a>.<\/p>\n<\/p>\n

\u201cInvestors can invest with a small amount of cash for the new tokens,\u201d Chunhavajira said at the briefing. \u201cInvestors will earn higher returns than banks\u2019 deposits.\u201d<\/p>\n<\/p>\n

Banks in Thailand currently offer 12-month deposit interest rates between 1.25% and 1.5% below the nation’s central bank, policy rate of 1.75% according to Bloomberg.<\/p>\n<\/p>\n

Thailand has been making strides to broaden its crypto approach. Last year the nation put in place a tax exemption for crypto earnings<\/a> and its Securities and Exchange Commission recently added stablecoins USDC and USDT to its list of approved cryptocurrencies<\/a> for trading on digital exchanges.<\/p>\n<\/p>\n

CoinDesk reached out for a comment.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Thailand’s Ministry of Finance is set to issue 5 billion baht ($150 million) of its digital investment token – the G-Token, to raise funds from the public, Finance Minister Pichai Chunhavajira said at a Tuesday briefing. This story was originally reported by Bloomberg. The announcement came after the cabinet endorsed the new token’s initiative and […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-26768","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/26768","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=26768"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/26768\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26768"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26768"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26768"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}