CBDC trial pushed to late next year
Stakeholders need time to prepare for initial test
The Bank of Thailand has postponed the testing of its retail Central Bank Digital Currency (CBDC) until late 2022 as it awaits the readiness of related stakeholders to participate in the trial.
The central bank established guidelines for the testing under two tracks: a foundation track initially, followed by an innovation track. The bank previously expected the foundation track testing would begin in the second quarter of 2022.
The stakeholders expected to participate in the testing of the digital baht include financial institutions, merchants, consumers and others, with the number of participants set at more than 10,000, said Kasidit Tansanguan, the central bank’s assistant director for the…
