Join the larget crypto conference of 2022 in Bitcoin
Bitcoin
$ 39,046

Thailand postpones its CBDCs pilot program by the end of 2022

0
(0)
Thailand postpones its CBDCs pilot program by the end of 2022 10

The central bank of Thailand shifted the plan of CBDCs pilot program to the end of 2022. 

In the present time the majority of the dominating Central banks are doing their development and research work in the Central Bank Digital Currency (CBDCs). China became the first in this world to bring its Chinese CBDCs, digital Yuan, or e-CNY, however with the launching of Chinese CBDCs, China banned the whole crypto industry-based operations from the country. Through the CBDCs, every Central Bank wants to represent their payment & financial system as much influential over other central banks. 

Thailand is also one of the countries in the world, which is doing its development work in CBDCs. Reportedly, it was expected that the Central Bank of Thailand will introduce its CBDCs in the first to the second quarter of 2022 to bring the use for retail and business payments. 

But the latest report confirmed that Thailand’s Central Bank will not take any decision fastly. And they will test the use of CBDCs at a small level with proper clarity.

According to the published report of Reuters, Thailand will start its CBDCs for retail users at the end of 2022, which was expected in mid of next year. 

Thai Central Bank is looking to create a digital framework and network with blockchain innovation to make the payment system much better. Thai will start its first retail pilot program of CBDCs soon with a limited number of users, around 10 thousand users only. This testing phase will include the small payment systems and cash out the money. 

Kasidit Tansanguan, the deputy director at the Thai bank, said that we will not make a decision too quickly. Further, he explained:

“Thailand can still take a gradual step in the retail CBDC to ensure efficiency and prudence as it does have a problem with fund transfers or payments as some other countries.”

Reports also confirmed that CBDCs of Thailand is an initiative to advance the traditional payment system of Thailand. And it will not put any negative impact on the crypto industry or stablecoins market.

Read also: A cultural organization of India urged govt to ban crypto

Thailand postpones its CBDCs pilot program by the end of 2022

 

https://bitcoinik.com/thailand-postpones-its-cbdcs-pilot-program-by-the-end-of-2022/feed/

BINANCE - The Exchange with the Most Trading Volume in the Wold

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

--------------------------Ads by Cryptonews24--------------------------------------
CocaCola Investing Platform

✅Brand new company platform launched 17/09/2022🔥💯

 

👉🏼Coca-Cola 👈

Don't miss Coca-Cola if you want to generate passive income.

It is a brand new company with stable and moderate income that will help investors earn money in the long run.

Say no!! on sites with high commissions, they only last a few days.

Coca-Cola is a legitimate company and supplies are standard.

https://cocacola66.vip/index/login/reg/invite_code/052091

$5 sign up bonus

-Minimum deposit $20
-Minimum withdrawal $10

Withdrawal time 0~10 minutes💯 ✅

Get 7% of your deposit everyday🔥
-Deposit 20, Get $1.5 Daily ✅
-Deposit 30, Get $2.1 Daily ✅
-Deposit 50, Get $3.5 Daily ✅
-Deposit 100, Get $7 Daily ✅
-Deposit 200, Get 14 Daily ✅

Get 10% of your first deposit and 10% on invite deposits 😱

Reward Invitations🏅
-30 valid members, get $100 reward ✅
-60 valid members, Get $150 reward ✅
-100 valid members, Get $350 reward ✅
Note: Valid member charges $30 and up

Deposit Reward🏅
Get 10%, 2% and 1% of Lv1, Lv2 and Lv3 group deposits.

A lot of activities will be organized in the main group to help hardworking members make a lot of money 💰

Registration link
👇🏽

https://cocacola66.vip/index/login/reg/invite_code/052091

This is a long term project!! Do not miss it!!! 💎 💎 💎 💎 💎

----------------------------------------------------------------------------------------------------------------------------------------

TELEGRAM
Cryptonews24 Channel Chat