Cryptocurrency

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


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

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:

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