Reference
·Primary source
Bank of Thailand Retail CBDC Pilot
~10,000 pilot users (Project Inthanon / mBridge)
The Bank of Thailand (BoT) has been among Asia's more active central bank digital currency researchers, participating in Project Inthanon for wholesale interbank settlement and the BIS Innovation Hub's mBridge multi-CBDC cross-border payment pilot alongside HKMA, PBoC, and CBUAE. A limited retail CBDC pilot was conducted with approximately 10,000 volunteer participants through select commercial banks to test programmable-money use cases such as conditional vouchers. Thailand has not committed to a full retail CBDC launch; the BoT's stated posture is research-and-optionality rather than imminent deployment. mBridge has strategic importance for Thailand-China trade settlement.
Figure in context
The Bank of Thailand (BoT) has been among Asia's more active central bank digital currency researchers, participating in Project Inthanon for wholesale interbank settlement and the BIS Innovation Hub's mBridge multi-CBDC cross-border payment pilot alongside HKMA, PBoC, and CBUAE. A limited retail CBDC pilot was conducted with approximately 10,000 volunteer participants through select commercial banks to test programmable-money use cases such as conditional vouchers. Thailand has not committed to a full retail CBDC launch; the BoT's stated posture is research-and-optionality rather than imminent deployment. mBridge has strategic importance for Thailand-China trade settlement.
The Bank of Thailand (BoT) has been among Asia's more active central bank digital currency researchers, participating in Project Inthanon for wholesale interbank settlement and the BIS Innovation Hub's mBridge multi-CBDC cross-border payment pilot alongside HKMA, PBoC, and CBUAE. A limited retail CBDC pilot was conducted with approximately 10,000 volunteer participants through select commercial banks to test programmable-money use cases such as conditional vouchers. Thailand has not committed to a full retail CBDC launch; the BoT's stated posture is research-and-optionality rather than imminent deployment. mBridge has strategic importance for Thailand-China trade settlement.
Time scope
2022–2024
Source basis
Primary source
Interpretation notes
What this tells you
The Bank of Thailand (BoT) has been among Asia's more active central bank digital currency researchers, participating in Project Inthanon for wholesale interbank settlement and the BIS Innovation Hub's mBridge multi-CBDC cross-border payment pilot alongside HKMA, PBoC, and CBUAE. A limited retail CBDC pilot was conducted with approximately 10,000 volunteer participants through select commercial banks to test programmable-money use cases such as conditional vouchers. Thailand has not committed to a full retail CBDC launch; the BoT's stated posture is research-and-optionality rather than imminent deployment. mBridge has strategic importance for Thailand-China trade settlement.
What not to do with it
Use the linked report for interpretation and keep basis differences explicit.
Related figures
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SEC-Licensed Crypto Exchanges in Thailand
SEC Thailand digital asset registry, AMLO
Thai Crypto Retail Investor Accounts
SEC Thailand, Bitkub company disclosures, BoT CBDC report
Thailand Crypto Capital Gains Tax Rate
Thailand Revenue Department Ruling, SEC Thailand, BoT
Bitkub Domestic Exchange Market Share
SEC Thailand, Bitkub company disclosures, SET
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