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Post by account_disabled on Jan 6, 2024 4:01:56 GMT -5
It will be beneficial to all parties.” Miss Wilaiporn Thaweelapphanthong, Consulting Business Partner and Head of Financial Services Business Group, PwC Thailand, added: “What remains to be monitored in the next period is after CBDC begins to be used in Thailand. How much - how much will the financial landscape change to digital? Meanwhile Commercial banks and business operators also need to closely monitor,
The progress of CBDC because it will have Phone Number Data accounting implications. And it will certainly have an impact in terms of business.” The PwC report said the mBridge project will enter the pilot phase this year. It explores existing limitations of current platforms, such as privacy. Liquidity management scalability and the efficiency of decentralized processing technology Including exploring policy requirements and CBDC trials with commercial banks and other market participants For retail CBDC projects, the PwC report shows,
Thailand ranked eighth in progress (behind Oriental Republic of Uruguay, but behind Oriental Republic of Uruguay). In seventh place, but ahead of Sweden in ninth place), the BoT wants to develop a retail CBDC to give citizens access to digital money. and can be conveniently used for everyday expenses and faster “Currently, the Bank of Thailand is in the process of studying the appropriate format for issuing retail CBDC.
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