Thai central bank unveils Central Bank Digital Currency test results 泰國中央銀行揭露「央行數位貨幣」測試成果
Earlier this week the Bank of Thailand （BOT） announced the results of its proof of concept（PoC） for a wholesale Central Bank Digital Currency（CBDC）. The overall conclusion was positive, though some areas were identified as needing further work.
"The outcome of Project Inthanon has demonstrated that DLT has not only increased efficiency but also reduced risks and overall costs in the financial ecosystem," said Pimolpa Suntichok, Senior EVP, Siam Commercial Bank.
Project Inthanon, named after Thailand’s highest mountain, had three aims. First as a tool for collaborative learning about distributed ledger technology（DLT）by Thai financial institutions.