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Bangkok Post

Business

Bank of Thailand continues push for digital currency

Bank of Thailand Sethaput Suthiwartnarueput CBDC central bank mBridge

Testing for the retail digital currency includes conducting cash-like activities, such as paying for goods and services. (File photo)

The Bank of Thailand (BoT) plans to take more time to develop its retail central bank digital currency (CBDC) to ensure it offers additional benefits to the financial system with good risk management.

Several central banks, including the BoT, have developed a retail CBDC, but none of them officially implemented the currency in the markets.

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