April 2nd local time, the Central Bank of Thailand announced the timetable for the promotion of digital currency and asked the public for opinions on retail digital currency. According to the timetable, the Bank of Thailand will conduct retail digital currency testing from 2021 to 2022.
In recent years, the Bank of Thailand has continuously promoted the digital currency business. In 2018, the domestic interbank digital currency business began internal testing. In 2019, it tested cross-border interbank digital currency transactions. In 2020, it connected digital currency with the B2P private trading system. From February 2021 to now, the scope of testing has continued to expand. and cooperates with the Central Bank of China and the United States to develop a cross-border digital currency system.
A briefing issued by the Bank of Thailand on the same day pointed out that the retail central bank digital currency aims to provide convenient and safe financial services, which can be used for online and offline financial transactions, which will improve the efficiency of financial transactions, reduce transaction costs, and contribute to the development of various financial innovations.
The briefing pointed out that the introduction of retail central bank digital currency will have a wide-reaching and far-reaching impact on the future development of Thailand’s financial system. Therefore, opinions from the government to the people need to be widely consulted. Before June 15 this year, the People’s Bank of Thailand will formulate and promote retail numbers according to the opinions and suggestions of all sectors of society. Relevant policies of word currency.
