According to him, the initiative to issue an investment token fully meets the requirements of the Thai Bank. The asset will be offered to investors over the next few months.
Chunhavajira emphasized that the token will not be considered a debt obligation, and will allow holders to receive profitability above the country’s deposits in force in the country. Funds will be aimed at financing budget programs.
It should be noted that at the moment the average deposit rate in Thailand is approximately 1.25-1.5% per annum, which is less than the key rate of the Central Bank at 1.75%.
Earlier, the Thailand Securities and Exchange Commission (SEC) was recognized by the USDT Stablecoin by the American company Tether cryptocurrency, which can be used in local exchanges and as a means of payments.
Source: Bits
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