The Bank of Thailand (BoT) plans to take more time to develop its retail central bank digital currency (CBDC) to ensure it offers additional benefits to the financial system with good risk management.
The Bank of Thailand intends to find solutions to make cash deposit machines (CDMs) more convenient, following new regulations from the Anti-Money Laundering Office (Amlo) on their use.
Project mBridge – the first pilot use of wholesale CBDCs in the MENA region – reflects CBUAE’s drive to create world-class financial infrastructure and innovative payment systems.
The Bank of International Settlements announced the successful conclusion of a test between four central banks to transfer central bank digital coins between themselves.