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Thailand Delays Plan to Distribute $15 Billion in Digital Currency to its Citizens

Thailand's ambitious plan to distribute digital currency to its citizens, with a total value of approximately $15 billion, has hit a roadblock, as Deputy Minister of Finance Julapun Amornvivat announced a delay in the program's launch, local media outlets reported. The initiative aimed to provide 10,000 baht (about $280) to each Thai citizen over the age of 16, with the objective of revitalizing the nation's economy. The delay was attributed to the need for additional time to develop a secure system, ensuring the protection of both funds and user data. The plan was expected to be financed, in part, through increased tax revenue generated by enhanced economic activity.

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