Thailand G-Token Limited to Investment Use as SEC Blocks Payment Functions

Highlights:

• Thailand has announced plans to restrict digital token to investment use and block payment.
• The G-Token launch is set for July with strict rules and controlled access through licensed crypto platforms.
• Tourists may soon spend crypto in Thailand using credit-linked platforms under a new review plan.

Thailand’s Securities and Exchange Commission has announced clear limits on the use of its upcoming digital token, the G-Token. The token cannot be used for payments or speculative trading. Instead, it will act as a savings-focused investment tool for the public. The commission wants the G-Token to support national fundraising without encouraging risky trading behavior.

Thai SEC announces rules for government bond token 'G-Token'

Thailand’s Securities and Exchange Commission (SEC) has issued rules for the G-Token, aiming to raise public funds through digital assets. However, it clarified that the tokenized real-world asset (RWA) cannot be used…

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SEC Secretary-General Pornanong Budsaratragoon stated that the token must offer real investment value. She added that it must serve as a digital savings option supported by strong technology. The goal is to use the token to modernize public investments without inviting price speculation. This approach sets G-Token apart from typical cryptocurrencies used for trading.

Jomkwan Kongsakul, Deputy Secretary-General, said that the G-Token does not hold debt obligations. Therefore, it falls under the Digital Asset Act rather than laws for public debt. This difference makes the token a unique financial product with its own structure. The SEC has also made it clear that it will closely monitor its use.

Thailand G-Token Set for July Launch With Strict Trading Rules

The Ministry of Finance in Thailand announced that G-Tokens worth $150 million will be issued in July. The Public Debt Management Office will manage the offering through a chosen initial coin offering portal. The Finance Ministry will be the official body responsible for keeping these records. The government wants to use this token to help with funding the national budget.

Investors will be able to buy G-Tokens using digital wallets connected to authorized crypto exchanges. Securities firms will securely hold the tokens for those who use their services. This gives investors flexibility in how they choose to participate. Moreover, it adds a layer of protection through trusted financial partners.

Users will be able to trade the G-token on digital asset exchanges approved by Thailand’s regulators. Investors can trade the tokens or keep them until the investment matures. Jomkwan Kongsakul said this option supports long-term saving while still allowing investors to exit. It also adds liquidity to the market without encouraging short-term speculation.

Before the launch, the SEC plans to announce key details like interest rate, maturity, and collateral. These specifics will help investors understand the token better. Meanwhile, the commission hosted public talks and accepted feedback for 15 days. This step helped gather opinions on how the token should function within the market. Recently, the Thai government also announced plans to launch a trading system based on distributed ledger technology (DLT). 

Crypto-Linked Tourist Spending Under Review in Thailand

Thailand is also preparing a plan that could let tourists spend crypto through credit card-linked systems. This system will convert crypto to baht automatically during purchases. This method helps protect the local currency while using modern payment technology.

BREAKING:

🇹🇭 BANK OF THAILAND PLANS TO ALLOW TOURISTS TO SPEND CRYPTO WITH THEIR CREDIT CARDS LOCALLY.

GLOBAL ADOPTION INCOMING pic.twitter.com/jEukABUU2Q

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Deputy Prime Minister Pichai Chunhavajira introduced the idea during a recent seminar. He pointed out that the model can be put into use once the necessary systems are in place. The Bank of Thailand and the Ministry of Finance are currently reviewing the plan. They hope to benefit the tourism industry while avoiding any impact on the currency.

The government is searching for methods to enhance its financial rules. The changes might give institutional investors opportunities to invest in new types of assets. Currently, there are limits on what big funds like insurers can invest in. Under the new plan, private sector assets may become available as investment options.