Central bank to test retail digital currency late this year

Published by
The Bangkok Post

The Bank of Thailand (BOT) said on Friday it expected to test its retail digital currency from late this year to the middle of 2023, as an alternative payment option. During the testing, the retail central bank digital currency (CBDC) will be used in conducting cash-like transactions, like paying for goods and services, within limited areas and among about 10,000 retail users, the central bank said in a statement. The BOT will assess the benefits and risks from the pilot project to formulate related policies and improve designs, the statement said. At present, the BOT has no plans to formally …

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