<div class="textg" style="text-align: justify; font-weight: lighter; line-height: 1.3em; font-size: 15px; border-radius: 3px; color: #80909a; padding: 10px; background-color: #F4F6F9; margin-bottom: 15px;">
 Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our&nbsp;<a href="https://tokenist.com/terms-of-service/" style="text-decoration:underline;color:#3c7b7b" target="_blank" rel="noreferrer noopener" class="deco-link">website policy</a>&nbsp;prior to making financial decisions.
</div> 
<p class="has-drop-cap">The Pheu Thai Party, the major opposition in Thailand, promised to hand out around $300 in digital currency to all residents if it wins the upcoming election and forms the government, the <a aria-label="Bangkok Post reported (opens in a new tab)" href="https://www.bangkokpost.com/thailand/politics/2544674/cash-handouts-spark-concern" target="_blank" rel="noreferrer noopener nofollow" class="deco-link">Bangkok Post reported</a>. The policy faced public backlash, with some residents arguing it was merely a means to help the party win votes.</p> 
<h3 id="thai-opposition-party-claims-it-wants-to-turn-thailand-into-fintech-hub">Thai Opposition Party Claims it Wants to Turn Thailand into Fintech Hub</h3> 
<p><a aria-label="Srettha Thavisin (opens in a new tab)" href="https://www.thaipbsworld.com/srettha-thavisin-is-real-estate-mogul-aiming-to-become-thailands-next-pm/" target="_blank" rel="noreferrer noopener nofollow" class="deco-link">Srettha Thavisin</a>, head of Pheu Thai Party, Thailand’s opposition party, pledged to give every citizen 10,000 Thai Baht (around $300) in digital currency if his party forms a government after the general election in May. Thavisin said the stimulus package would offer some financial relief to Thailand residents grappling with some of the highest household debt in the region.</p> 
<p>During the electioneering event on Wednesday, Thavisin said it would provide roughly $300 in digital Thai Baht to residents aged 16 and over if the party wins the election scheduled for May 14. The party’s chief adviser on public participation and innovation Paetongtarn Shinawatra described the stimulus project as a blockchain-based effort to streamline the distribution of Thailand-made products abroad and bring digital currencies into the country.</p> 
<p>Residents would be obliged to spend the funds within a 4-kilometer community radius within six months of the project’s early stage, to attract international digital currencies. The move represents a part of Pheu Thai’s broader plan to transform Thailand into a fintech hub, added Paetongtarn.</p> 
<p><a href="https://tokenist.com/thailand-to-launch-new-cbdc-payment-system-next-month/" rel="dofollow" class="deco-link">Thailand announced</a> the launch of a central bank digital currency (CBDC) payment system in 2020 and recently said it was starting a pilot study of a retail CBDC. Last month, the Thai government also revealed it would <a href="https://tokenist.com/thailand-to-offer-tax-breaks-for-firms-that-issue-security-tokens/" rel="dofollow" class="deco-link">offer tax breaks</a> for digital token issuers in the country in a move expected to cost the government around $1 billion in tax revenue.</p> 
<div class="cta-referral"> 
 <img src="https://tokenist.com/wp-content/themes/thetokenist/assets/img/del/cta-referral-1.png" alt="" class="cta-referral__img" loading="lazy" decoding="async"> 
 <div class="cta-referral__text"> 
  <p>Join our&nbsp;<a href="https://t.me/thetokenist" target="_blank" rel="noreferrer noopener nofollow">Telegram group</a>&nbsp;and never miss a breaking digital asset story.</p> 
 </div> 
</div> 
<h3 id="opposition-party-s-digital-cash-handouts-criticized-by-the-public">Opposition Party’s Digital Cash Handouts Criticized by the Public</h3> 
<p>All citizens did not warmly welcome Pheu Thai’s digital token airdrop. One university student interviewed by the Bangkok Post criticized the stimulus program and questioned the funding source.</p> 
<blockquote class="wp-block-quote"> 
 <p>“The policy is disgusting. Do they really think most people are that foolish?”</p> <cite>– said Preeyaphat Raksasana, a second-year university student.</cite>
</blockquote> 
<p>Similarly, activist Sunthari Hatthi Sengking said the policy only aims to improve public recognition of Pheu Thai and help it win more votes. Instead, the party should fight for a better quality of life for vulnerable groups such as poor children, said Sunthari.</p> 
<div class="cta-sub js__cta-sub"> 
 <div class="cta-sub__start" data-step="1"> 
  <div class="cta-sub__title">
   <strong>Finance is changing.</strong>
  </div> 
  <div class="cta-sub__subtitle">
   Learn how, with Five Minute Finance.
  </div> 
  <div class="cta-sub__excerpt">
   A weekly newsletter that covers the big trends in FinTech and Decentralized Finance.
  </div> <button type="button" class="btn">Try it out (for free)</button> 
 </div> 
 <div class="cta-sub__form" data-step="2" style="display: none;"> 
  <script type="text/javascript" src="https://app.getresponse.com/view_webform_v2.js?u=QcLhh&amp;webforms_id=zw3Wv"></script> 
 </div> 
 <div class="cta-sub__result" data-step="3" style="display: none;"> 
  <div class="cta-sub__title">
   Awesome
  </div> 
  <div class="cta-sub__caption">
   You’ve subscribed.
  </div> 
  <div class="cta-sub__greeting">
   You’re well on your way to being in the know.
  </div> 
 </div> 
</div> 
<p><em><strong>Do you agree with public criticism that Pheu Thai’s policy is just a means of attracting votes? Let us know in the comments below.</strong></em></p> 
<p>The post <a rel="nofollow" href="https://tokenist.com/thailand-opposition-party-pledges-to-give-300-in-digital-currency-ahead-of-election/">Thailand Opposition Party Pledges to Give $300 in Digital Currency Ahead of Election</a> appeared first on <a rel="nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Thailand Opposition Party Pledges to Give $300 in Digital Currency Ahead of Election

Table of Contents

TokenInsight

Other articles published on Apr 7, 2023

Hardware Crypto Wallet Firm Ledger Says Its Ledger Live Does Not Support Tron Stake 2.0

Astra Network's Neural Network Unleashed: The Ultimate Tool for Short-Term Crypto Trading Analysis

Reddit announces third generation blockchain collectible avatars on Polygon

Dogecoin Price Analysis 07/04: Elon Musk’s Twitter Activity Impacts $DOGE Price While Top Holders...

Uwerx (WERX) Launches Unique Presale As Uncertain Market Hits Binance Coin (BNB) And Solana (SOL)

WEMIX Terms of Service Update Notice

Join our free newsletter for daily crypto updates!