{"id":40066,"date":"2021-04-02T20:08:08","date_gmt":"2021-04-02T17:08:08","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=40066"},"modified":"2025-08-30T12:25:39","modified_gmt":"2025-08-30T09:25:39","slug":"bank-of-thailand-to-begin-retail-cbdc-testing","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bank-of-thailand-to-begin-retail-cbdc-testing\/","title":{"rendered":"Bank of Thailand to begin retail CBDC testing"},"content":{"rendered":"

In the second quarter of 2022, the Bank of Thailand will launch<\/a> testing of a retail CBDC for retail transactions. It will be fully rolled out over the next 3-5 years.<\/p>\n

The Bank of Thailand (BoT) published a document<\/a> to provide residents with more information about the digital currency. The regulator invites anyone who reads it to submit their feedback by June 15.<\/p>\n

\n

“Retail CBDC is a digital form of money comparable to physical banknotes, which can be used in financial transactions both online and offline,” the BoT clarified.<\/p>\n<\/blockquote>\n

The central bank explained that creating a CBDC would help prevent the spread of private stablecoins, which pose risks to the country’s monetary sovereignty and financial stability.<\/p>\n

In March 2021, the BoT announced the adoption of regulatory rules for<\/a> “stablecoins”. The regulator took this step after issuing an investor warning about the risks associated with a baht-denominated stablecoin issued by the Israeli project Terra<\/a>.<\/p>\n

In the summer of 2018, the BoT launched Project Inthanon \u2014 an initiative aimed at creating its own digital currency.<\/p>\n

Earlier the BoT said that the CBDC would be built on Ethereum, ConsenSys<\/a> will be the partner.<\/p>\n

Earlier in February 2021, the Hong Kong Monetary Authority and the Bank of Thailand announced<\/a> the joining of the People’s Bank of China (PBoC) and the Central Bank of the UAE to the second phase of the project “MBridge for CBDCs”.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Bank of Thailand will begin testing a retail CBDC in the second quarter of 2022. It will be fully rolled out within the next 3-5 years.<\/p>\n","protected":false},"author":1,"featured_media":40067,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1095,1266],"class_list":["post-40066","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cbdc","tag-thailand"],"aioseo_notices":[],"amp_enabled":true,"views":"14","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/40066","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=40066"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/40066\/revisions"}],"predecessor-version":[{"id":40068,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/40066\/revisions\/40068"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/40067"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=40066"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=40066"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=40066"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}