Thailand ushers in new digital currency era as BoT is set to kick off CBDC tests

As interest in cryptocurrencies surges across Southeast Asia, Thailand is set to start testing a retail digital baht with the help of German payment giant Giesecke & Devrient. The Bank of Thailand (BoT) appointed the company to design a central bank digital currency, or CBDC, prototype in a project that will cost THB 10 million (USD 320,000), according to a…
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