Bank of Thailand to test retail CBDC

Bank of Thailand
The Bank of Thailand
Photo: George Johnson

The Bank of Thailand plans to begin testing a prototype retail central bank digital currency (CBDC) next year, it announced on August 19.

The retail CBDC trial will focus on cash-like activities but only “within a limited scale”, including accepting currency, converting and transacting. The BoT said the trial will start by the second quarter of 2022.

It will also hold a simultaneous trial to explore “innovative use cases” of CBDC where private sector players and technology developers are

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