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Thai CB To Issue Digital Currency For Interbank Settlement: Sarb Reports Back On Project Khokha

“The issue of a a limited central bank digital instrument that serves as a settlement asset for payment and settlement activity is generally viewed as a promising application for the introduction of blockchain technology in the wholesale markets. The Thai Central bank’s efforts are part of a wider programme of private and public sector applications currently underway in the country. Fourteen of the country’s banks operating in conjunction with seven leading businesses and state-owned enterprises are expected to introduce a production-ready project to offer blockchain-based letters of guarantee in the second half of the year.”