A pilot study is underway for a retail digital currency from thailand’s central bank. the bank of thailand previously stated that it “don’t use crypto for payments,” and thailand’s securities and exchange commission has now prohibited the use of crypto as a form of payment. private sector cooperation is needed for the pilot phase, which will look at how a retail cbdc actually works in the real world. beginning in late 2022, the first phase of this project is projected to be completed by the middle of 2023.

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