The CBDC will be used for "cash-like activities within a limited scale," such as paying for goods and services.
The central bank stressed that cryptocurrencies are not legal tender in Thailand.
Thailand’s central bank is open to accepting public feedback on its retail CBDCs by 15 June this year.
The central bank warned a Thai baht-denominated stablecoin is a threat to the stability of the currency system.
The Bank of Thailand has deemed any activity involving the THT stablecoin "illegal" on the basis it violates the nation's Currency Act.
The central bank of Thailand has launched a blockchain-enabled platform for the issuance of government saving bonds
The Bank of Thailand is integrating a CBDC payments system into the financials of the country’s oldest cement company in an extension of its Inthanon project.
The Bank of Thailand has moved ahead with its digital currency project lnthanon by building a blockchain-based prototype solution to settle inter-bank payments.
The Bank of Thailand is developing its own digital currency, aiming to complete a first proof-of-concept by March 2019.