Share this article
BTC
$82,301.65
+
8.89%ETH
$1,636.37
+
15.48%USDT
$0.9996
+
0.04%XRP
$2.0205
+
14.31%BNB
$578.43
+
6.51%SOL
$116.94
+
13.04%USDC
$0.9999
-
0.01%DOGE
$0.1577
+
12.65%TRX
$0.2393
+
5.04%ADA
$0.6210
+
12.26%LEO
$9.3834
+
2.41%LINK
$12.41
+
15.77%TON
$3.0945
+
4.26%AVAX
$18.24
+
13.62%XLM
$0.2374
+
8.49%HBAR
$0.1683
+
16.16%SUI
$2.1758
+
14.63%SHIB
$0.0₄1183
+
11.65%OM
$6.7522
+
8.46%BCH
$302.41
+
13.12%Sign Up
- Back to menuPrices
- Back to menuResearch
- Back to menuConsensus
- Back to menu
- Back to menu
- Back to menu
- Back to menuWebinars & Events
Thai Central Bank to Pilot Its Retail Central Bank Digital Currency in 2022: Report
Thailand’s central bank is open to accepting public feedback on its retail CBDCs by June 15.
The Bank of Thailand (BoT) will begin piloting its retail central bank digital currency (CBDC) in the second quarter of 2022, according to a published report.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- Thailand’s central bank assistant governor announced Friday it is open to accepting public feedback on its retail CBDCs by June 15.
- BoT said the main objective of the currency is to provide citizens with access to more convenient and secure financial services.
- The bank is planning to fully implement the currency over the next three to five years, according to a Reuters report.
- The CBDCs will be aimed at providing access to convenient and secure financial services and “it will not affect the Thai financial system,” Vachira Arromdee, the assistant governor of the financial markets operations group, Bank of Thailand, said at a briefing, according to Reuters.
- In March, BoT said it will issue regulations on asset-backed stablecoins later this year after warning against the illegal use of a baht-denominated stablecoin that was created outside the country.
Read more: Thai SEC Backtracks on Unpopular Proposal for New Crypto Investor Qualifications
Tanzeel Akhtar
Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.
