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The Pheu Thai-led government in Thailand plans to introduce utility tokens as part of its digital wallet initiative, pending approval from the country’s central bank. These utility tokens, valued at 10,000 baht each, would be issued to Thai citizens aged 16 and older for consumer purposes and could require a budget of 560 billion baht. The tokens would have certain restrictions, such as only being used to purchase consumer goods within a four-kilometer radius of the recipient’s home. However, concerns have been raised about the funding source for this initiative, with suggestions that the government may need to borrow additional funds.
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