Bank of Thailand News

The Bank of Thailand together with UEA's central bank, BISIH, the digital currency institute of the people's bank of China and HKMA have all adopted CBDCs according to a report by the BIS as more banks are looking to venture in the project.

The Bank of Thailand (BOT) has revealed that it plans to develop and test its retail CBDC in the second quarter of 2022. This development was revealed by Vachira Arromdee, the assistant governor of BOT’s Financial Markets Operation Group. She added…

The Bank of Thailand (BOT) is set to draft regulations on stablecoins by the end of 2021. This comes following growing criticism from financial regulations regarding unlicensed stablecoins issued by private companies.  Thailand Consulting With Stakeholders on Stablecoins Regulation This…

Businesses in Thailand can now use a blockchain-based electronic letter of guarantee (eLG) platform and network by IBM and the Thailand Blockchain Community Initiative (BCI) following the expansion of scope as per an update on Sep 30. The Electronic Letter of…

ConsenSys will be collaborating with the Hong Kong Monetary Authority (HKMA) to a cross-border payment network for HKMA’s central bank digital currency (CBDC) project  Ethereum Developer ConsenSys Joins the Hong Kong and Singapore CBDC Pilot The U.S. Ethereum blockchain development…

Thailand’s central bank is continuing developments on the central bank digital currency (CBDC) project as the apex bank will test its CBDC for transactions among large businesses. Thailand’s CBDC Reaches Third-Stage Development According to a report by the Nation Thailand…

Thailand’s central bank in partnership with SCG — one of the country’s largest conglomerates — is set to run a pilot test for a central bank digital currency (CBDC). Thailand Moving Forward with Digital Currency Plans According to the Bangkok…

Bank of Thailand (BOT) Governor, Veerathai Santiprabhob, has given his take on Facebook’s Project Libra, making it clear that the merits and risks of the digital asset still need to be studied extensively, reports local news source, Bangkok Post on…