SEC clarifies rules for upcoming G-Token

Crypto coin will raise government funds

- NUNTAWUN POLKUAMDEE

The Securities and Exchange Commission (SEC) has clarified that the upcoming G-Token cannot be used as a means of payment and the intention is not that it be traded speculatively like other cryptocurrencies.

G-Token is a new digital financial instrument to be issued by the Public Debt Management Office (PDMO) under the Ministry of Finance. It is designed to raise public funds to help offset the government's budget deficit.

Jomkwan Kongsakul, deputy secretary-general of the SEC, said the G-Token would be issued through an initial coin offering (ICO) portal selected by the PDMO, with the Finance Ministry serving as the registrar.

Key details such as collateral, the issuance date, interest rate and maturity period would soon be announced by the Finance Ministry, as the official launch is scheduled for July this year.