The Bank of Thailand (BoT), Thai’s central bank, is already utilizing its central bank digital currency (CBDC) for financial transactions with various big businesses. As reported by a local news outlet on July 16, this development ushers in the third development phase of the nation’s CBDC before a public debut.
Hong Kong Monetary Authority Involvement
According to the announcement, The Bank of Thailand intends to carry out transactions using the CBDC with the Hong Kong Monetary Authority come September.
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