The Bank of Thailand (BoT) wants to create a wholesale Central Bank Digital Currency (CBDC) in the country. It would be based on the R3 Corda platform and the BoT has already partnered with eight financial entities for the project, including Siam Commercial Bank, HSBC, Standard Chartered Bank, Bangkok Bank Public and Krung Thai. According to a press release (in pdf) from the bank, it considers the project, with a working title of \u201cProject Inthanon,\u201d to be a \u201ccollaborative milestone\u201d for all institutions involved. The banks will collectively design and develop the wholesale CBDC prototype, expected to be ready sometime during the first quarter of next year. Project Inthanon is designed to \u201cenhance efficiency of the Thai financial market infrastructure\u201d and assist in its future evolution. In addition to the project, the BoT is reportedly also working on a distributed ledger technology proof of concept that would be used for a sale of scripless government savings bonds in order to \u201cimprove operational efficiency.\u201d There are two types of CBDC options available. One is a retail CBDC, which is designed for the general public, and a wholesale CBDC, which is intended strictly for financial markets and institutions. CBDCs have continued to attract a lot of attention, while at the same time creating rifts, in the banking sector. Mark Carney, governor of the Bank of England (BoE), has said he is open to considering a CBDC, but states that it won\u2019t happen anytime soon. Across the Atlantic, Canadian authorities recently conducted a CBDC study and determined that "financial inclusion does not provide a compelling motivation for CBDC in most advanced economies, including Canada.\u201d Last April, during the Deconomy conference held in South Korea, R3 Research Director Anthony Lewis asserted that there will be an increase in the development of wholesale CBDCs this year as more institutions began to recognize the benefits of a bank-issued digital currency. His prediction has yet to be fulfilled. At the same time, retail CBDCs shouldn\u2019t be expected, either. The Bank for International Settlements (BIS), which has often spoken out against cryptocurrency, said that "a general purpose CBDC could give rise to higher instability of commercial bank deposit funding.\u201d The opinion was seconded by Carney in May. As has repeatedly been the case, their rhetoric emphasizes the credibility of digital currency and shows that traditional financial institutions are concerned that their \u201cbusiness model\u201d is threatened by cryptocurrency. Both the BIS and the BoE are correct\u2014it does threaten their business model and that\u2019s the whole point of crypto. Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto\u2019s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.