Altcoins Talks - Cryptocurrency Forum
Further Discussions => Banks & Cryptos => Topic started by: Dociko on April 02, 2021, 02:16:56 PM
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Thailand’s central bank is calling for public comments on its proposed plan to launch a sovereign digital currency within the next five years.
The Bank of Thailand has set its agenda for a retail central bank digital currency with preliminary testing protocols scheduled to begin in Q2 2022.
Thailand’s central bank made this known in a press release issued on Friday calling for public comments on the proposed CBDC roadmap.
As part of its plans, the central bank published a preliminary report detailing its CBDC thesis. Explaining its motivation for creating a CBDC, the Bank of Thailand argued that the success of private stablecoins poses risks to “monetary sovereignty and financial stability.”
Source: Cointelegraph (https://cointelegraph.com/news/bank-of-thailand-to-begin-central-bank-digital-currency-tests-in-2022)