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.
Several central banks, including the BoT, have developed a retail CBDC, but none of them officially implemented the currency in the markets.
Global retail CBDC development is expected to take more than five years before a market launch, said central bank governor Sethaput Suthiwartnarueput.
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