Thailand SEC Holds Public Hearing on G-Token Standards

According to PANews, the Thai Securities and Exchange Commission (SEC) recently conducted a public hearing regarding the standards for government digital tokens, known as G-Tokens. The SEC aims to ensure regulatory clarity by categorizing G-Tokens as digital tokens under the Digital Asset Act, subject to SEC oversight. It has been stipulated that G-Tokens cannot be used as a payment method. Previously, the Thai Ministry of Finance announced plans to issue new digital investment tokens valued at 5 billion baht (approximately $150 million) within two months. This initiative has received cabinet approval, and Finance Minister Pichet stated during a briefing that the tokens are designed as a digital tool for public fundraising, distinct from debt securities. The initial issuance of 5 billion baht is intended to "test market response," with assurances that the product fully complies with the regulatory requirements of the Bank of Thailand. Investors will have the opportunity to participate with small amounts of capital, with expected returns surpassing the bank deposit rates of 1.25% to 1.5%. In April, the Bank of Thailand lowered the benchmark interest rate to a two-year low of 1.75%.