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Thai Political Party Proposes Digital Currency Stimulus

The Pheu Thai Party, a major political party in opposition to the current prime minister's party, has introduced a significant stimulus project using blockchain technology in Thailand. At an April 5 campaign event, the party announced plans to provide all Thai baht, or around $300, in digital currency. The plan is identical to the universal basic income initiative proposed by U.S. presidential candidate Andrew Yang in the 2020 elections. The Pheu Thai Party's initiative would provide a one-time payment of $300 million to the Thai residents over the age of 16.

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