Thailand postpones the implementation of its "digital currency" plan.

Simoni797

"Golden Finance reports that Thailand's Deputy Finance Minister, Julapun Amornvivat, has stated that the government's plan to distribute a ""digital currency"" of 10,000 Thai Baht (approximately $280) to citizens aged 16 and above will not proceed as originally planned before February 1, 2024.

Julapun explained that more time is needed to develop a secure system, and the plan requires the utmost confidentiality. Nevertheless, the program is set to launch in the first quarter of 2024.

Previously, the Thai Prime Minister had planned to distribute a ""digital currency"" of 10,000 Thai Baht (approximately $280) to each citizen aged 16 and above, with a total value of around 548 billion Thai Baht (approximately $15 billion). The distribution of the digital currency will be carried out through a new ""super app."" The ""For Thais"" party considers this plan as a core element of Thailand's economic revitalization strategy."

Aakarshan590

This delay certainly has its reasons.

Ajay110

It appears that Thailand is gearing up for a significant initiative.

Kahn332

Thailand is also set to implement digital currency.

Jatin255

It's a good idea to get acquainted with this plan.