Thai Central Bank to Pilot Its Retail Central Bank Digital Currency in 2022: Report

Thailand’s central bank is open to accepting public feedback on its retail CBDCs by June 15.

AccessTimeIconApr 2, 2021 at 12:59 p.m. UTC
Updated Sep 14, 2021 at 12:35 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

The Bank of Thailand (BoT) will begin piloting its retail central bank digital currency (CBDC) in the second quarter of 2022, according to a published report.

  • Thailand’s central bank assistant governor announced Friday it is open to accepting public feedback on its retail CBDCs by June 15.
  • BoT said the main objective of the currency is to provide citizens with access to more convenient and secure financial services.
  • The bank is planning to fully implement the currency over the next three to five years, according to a Reuters report.
  • The CBDCs will be aimed at providing access to convenient and secure financial services and “it will not affect the Thai financial system,” Vachira Arromdee, the assistant governor of the financial markets operations group, Bank of Thailand, said at a briefing, according to Reuters.
  • In March, BoT said it will issue regulations on asset-backed stablecoins later this year after warning against the illegal use of a baht-denominated stablecoin that was created outside the country.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.