Deputy Secretary-General Pheu Thai clarifies 10 issues, “10,000 baht digital wallet” is not a new currency. not private Can’t speculate, price doesn’t go up, doesn’t fall, safe – maximum transparency
Paophum Rodjanasakul, Pheu Thai Party Deputy Secretary-General Clarified about the “10,000 baht digital wallet policy” that 1. Digital wallets are not cryptocurrencies. not new currency Rather, it is a coin (coupon) or a privilege to use money that uses the blockchain (Blockchain) to write conditions into it. for precise fiscal policy can be exchanged for baht at any time 2. coins (coupons) or the right to use money used in digital wallet No risk, no speculation, no smash, no loss, no value creation. It cannot be traded with other digital assets. No price drop – price increase because every coin is always equal to the baht guaranteed by the government
“3. Digital wallet It does not have any impact on the stability of the financial system. It’s not about international reserves. because it is not creating a new currency 4. digital wallet, money 10,000 baht, down to the hands of all people aged 16 years and over, every baht, every satang, can spend for real, buy real stuff The budget is not lost. Verify every transaction along the way. 5. Digital wallets. This is not the case with Bitcoin Luna USDT as it claims to be privately issued and intended as a medium of exchange. A digital wallet is a coin (coupon) or money license that uses Blockchain with written terms, issued by the government, not a currency parallel to the Thai baht, ”said Phaophum.
Mr. Paophum said 6. The digital wallet is not associated with a private company as claimed. It’s not about buying a company. not about money laundering not about investment It is a claim that is not based on facts. All are budgeted from the government and directly transferred to the hands of all citizens (16 years and over), simple and straightforward. As opposed to the traditional method that must be purchased in a large store or a capital group 8. Digital wallets using the Blockchain system have the highest security. higher than the current system Know the financial path of every transaction, know the recipient, know the payer, is a system with the highest transparency. Check every transaction
“9. Digital wallets do not cause inflation. Currently, the country’s purchasing power level is depressed. The economy is far below its potential. Such conditions do not lead to demand inflation. including digital wallets able to allocate money from the budget No tax rate increase. 10. The Pheu Thai Party supports the Central Bank Digital Currency (CBDC) and moves forward with the Bank of Thailand. to be an open platform for everyone To upgrade the country’s financial system to support the digital economy, ”said Paophum.
Source: Thai News Agency