The Central Bank of Thailand announced the start of testing its own digital currency
The Central Bank of Thailand, together with several commercial banks, will begin testing the retail digital baht in a special regulatory sandbox. Testing will last until August 2023. The project will involve Bank of Ayudhya (Krungsri), Siam Commercial Bank and Singaporean payment service provider 2C2P. These institutions will give selected users access to an app and wallet for the digital Thai baht, as well as a special QR code. Krungsri is going to involve up…
