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Cryptocurrency News

The Bank of Thailand to pilot Retail CBDC by the end of 2022

08/05/2022

Less than a minute

2022.08.05 14:10

On top of its wholesale central bank digital currency (CBDC) projects and proof-of-concept Retail CBDC testing with corporates, the Bank of Thailand (BOT) will extend the scope of CBDC development aimed at retail to a pilot phase. A possible real-life application of the “Retail CBDC” will be conducted inside the private sector on a limited scale.

As the Aug. 5 announcement on the official page of the BOT goes:

Source

08/05/2022

Less than a minute