the central bank of thailand plans to implement cbdc by late 2022

Thailand’s central bank announced on friday that it plans to start implementing its cbdc for the public by late 2022. a retail cbdc is a virtual currency issued by a central bank that resembles and acts like banknotes in appearance and function. according to thailand’s central bank, digital assets or cryptocurrencies such as bitcoin and ether should not be used as payment methods for products or services.

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