The Bank of Thailand has announced to conduct pilot tests of a central bank digital currency for retail use in the second quarter of 2022.
The stablecoin, called Thai Baht Digital (THT), is created on the Terra platform, according to Bank of Thailand officials.
Bank of Thailand is partnering with the Hong Kong Monetary Authority to integrate the Hong Kong dollar into its CBDC system.
Thailand’s central bank is reported to be working with commercial banks in developing a distributed ledger system.
The Bank of Thailand and Hong Kong’s central bank have made progress in their plans to issue a central bank digital currency.
The Hong Kong Monetary Authority and Bank of Thailand are ready to further their research together after signing a memorandum of understanding,.
Thailand’s Anti-Money Laundering Office (AMLO) is looking to expand its powers to allow for seizure of digital assets.
The Bank of Thailand (BoT) wants to create a wholesale Central Bank Digital Currency (CBDC) in the country.
Thailand’s central bank, the Bank of Thailand (BOT) has released a circular outlining their policies on cryptocurrency activities. The circular effectively cancels out their previous rule banning banks and financial institutions from engaging in such activities, provided they abide by the newly released policies.