Thailand's Digital Wallet Program Faces Delay Amidst Criticism

[coingabbarmarket]

Thailand's Digital Wallet Scheme Delayed Amid Legality Concerns
Thailand's digital wallet scheme, aimed at paying out 10,000 baht (approximately $274) to citizens over 16 years of age, has been delayed, raising concerns. Julapun Amornvivat, Deputy Finance Minister, cited the need for more time to ensure the system's security. The Thai government wants to stimulate the local economy through this step, with an estimated cost of 548 billion baht ($15 billion). Critics, including Rosana Tositrakul, a former Thai senator, have called for a probe by the electoral commission, pointing out the legality and funding sources of the program. The government had recently projected a 5% economic growth boost, partly funded by increased tax revenue.

https://www.coingabbar.com/en/crypto-shorts-news