Bank of Thailand names digital currency partners
Central bank says first phase of ‘Project Inthanon’ should be completed by first quarter of 2019
The Bank of Thailand has announced more detail on its development of a prototype wholesale central bank digital currency (CBDC), including its commercial partners.
The central bank is running a project on using the wholesale CBDC in domestic interbank settlements. It has formed a “collaborative partnership” with eight commercial banks and the distributed ledger development company R3, it says in a statement.
The eight banks in the consortium include HSBC and the Thai subsidiary of Standard
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