Retail CBDC pilot to be started by Bank of Thailand

The retail Central Bank Digital Currency (CBDC) pilot programme, slated to run from late 2022 to mid-2023, has officially begun, according to the Bank of Thailand.

The study, which will concentrate on the growth of retail CBDC and its potential effects across the banking sector, will ma...

Thailand's government tries to simplify crypto tax calculations.

Highlights :

Thailand is a major tourist destination, and authorities have been trying to demonstrate a friendly attitude towards the growing number of cryptocurrency users. In September, the country’s tourism authority announced it wanted to encourage a “cryptourism atmosph...

Thai Central Bank Considers Omicron Outbreak as an Opportunity to Recover Economy

On Wednesday 6th January, the Bank of Thailand said that the surge in the number of Omicron cases in Thailand could lead to a more severe and long-lasting impact on the economic recovery of the country.

It added after the monetary policy meeting that under the baseline scenario, the sur...

PAN-ASIAN FEASIBILITY OF PAYMENT VIA DLT & CBDC TO BE EXPLORED

Highlights:

•             Central banks of Asia and UAE will be a part of the project

•             Potential of DLT & CBDCs to be explored

THAILAND NATIONAL BANK STICKS TO 0.5% INTEREST RATE DESPITE FINANCIAL DOWNFALL 

HIGHLIGHTS

• The Bank of Thailand (BOT) kept its benchmark financing cost unaltered on Wednesday

The consistent vote to keep up the arrangement rate at 0.5 percent was practiced to help a delicate financial recuperation. The BOT strategy board ev...

THAI ECONOMIC RECOVERY PATH IS POLICY BASED, SAYS BANK OF THAILAND

HIGHLIGHTS

• At a gathering on Wednesday, the Bank of Thailand's Monetary Policy Committee (MPC) cast a ballot in unison to keep up the policy rate at 0.5 percent to help financial recuperation, with effective standpoints and actions, MPC secretary Titanu...

THAILAND’S NATIONAL BANK STORMS IN WORRY OF ECONOMIC DOWNFALL

HIGHLIGHTS

• Thailand's travel industry will confront more grave risks next year if the government of Thailand does not allow foreign visitors to come to Thailand, says Bank of Thailand.

International travelers could be minimized from 8 milli...