G-Token plan draws criticism

The government's proposal to launch the digital Government Token (G-Token) as a new fundraising mechanism has drawn criticism from economic experts, who warn it may violate existing laws and mislead the public.

- POST REPORTERS

On Tuesday, the cabinet approved the digital token scheme, intended to serve as an alternative channel for issuing bonds to retail investors. The G-Tokens promise returns higher than standard bank deposit interest rates.

However, Thirachai Phuvanatnaranubala, former finance minister and deputy head of the Palang Pracharath Party's economic affairs team, has raised legal concerns.

He pointed out that the Public Debt Management Act of 2005, which governs public borrowing, predates the emergence of digital assets and does not account for such instruments.