Bank of Thailand launches retail CBDC pilot project
The Bank of Thailand has announced the start of a pilot project to test a retail Central Bank Digital Currency (CBDC) in a regulatory sandbox. The project will commence this month and will continue until August 2023. It aims to involve up to 10,000 customers and provide insights into the deployment and viability of a […]
Bank of Thailand plans to test retail CBDC by end of 2022
10,000 people, three large banks, and a restricted retail environment will be used to evaluate the Retail CBDC. The Bank of Thailand (BOT) will broaden the scope of CBDC development focused on retail to a pilot phase in addition to its wholesale central bank digital currency (CBDC) initiatives and proof-of-concept Retail CBDC testing with corporates. […]
Bank of Thailand (BOT) issues crypto warning to those who make crypto payments
To guarantee that crypto payments do not pose “extensive risks to the general public or the economic and financial system.” the BOT stated that it may be required to work with the Securities and Exchange Commission. It has issued a warning to cryptocurrency holders who use their digital assets as a medium of exchange, warning […]