Bank of Thailand - News, Articles & Research

Company announcement/payments

HKMA partners with central banks in Thailand and Brazil on cross-border tokenization initiatives

The Hong Kong Monetary Authority (HKMA) announced its collaboration with the Bank of Thailand (BOT) to explore cross-border tokenisation use cases under Project Ensemble and Project San.

28 October 2024

Company announcement

Asean central banks sign payments co-operation pact

Bank Indonesia (BI), Bank Negara Malaysia (BNM), Bangko Sentral ng Pilipinas (BSP), Monetary Authority of Singapore (MAS), and Bank of Thailand (BOT) have agreed to strengthen and enhance cooperation on payment connectivity to support faster, cheaper, more transparent, and more inclusive cross-border payments.

14 November 2022

News/payments

BIS and four central banks hail pilot trials of CBDCs in cross-border FX transactions

The Bank for International Settlements (BIS) and four central banks have completed a successful pilot of the use of central bank digital currencies (CBDCs) by commercial banks for foreign exchange transactions across borders, as part of Project mBridge.

26 October 2022

News/crypto

Bank of Thailand to launch retail CBDC pilot

The Bank of Thailand has announced the launch of its retail Central Bank Digital Currency (CBDC) pilot, set to run from late 2022 to mid-2023.

05 August 2022

Company announcement/crypto

Thailand to set out rules to limit the use of cryptocurrencies as a means for payment

The Bank of Thailand (BOT), the Securities and Exchange Commission (SEC), and Ministry of Finance (MOF) have jointly reviewed the benefits and risks of digital assets, and deem it necessary to regulate the usage of digital assets as a means of payment for goods and services, to avert potential impacts on the country's financial stability and economic system.

25 January 2022

News/crypto

BIS: CBDC and DLT combo outperforms correspondent banking system

A prototype of multiple central bank digital currencies (mCBDCs) developed by the Bank for International Settlements and four central banks has demonstrated the potential of using digital currencies and distributed ledger technology (DLT) for cheaper and safer cross-border payments and settlements.

28 September 2021

News/payments

Indonesia and Thailand implement cross-border QR payments

Consumers and merchants in Indonesia and Thailand are now able to make and accept instant cross-border QR payments for goods and services under a pilot trial conducted by the country's respective central banks.

17 August 2021

News/payments

Thailand and Singapore launch first linkage of domestic instant payment systems

Singapore and Thailand have linked their respective real-time payment systems, enabling instant transfer of consumer funds across borders.

29 April 2021

Company announcement/payments

Tailand and Vietnam pilot interoperable QR codes

The Interoperable QR Code for retail payment linkage between Viet Nam and Thailand is launched today, 26 March 2021.

26 March 2021

Company announcement/crypto

Central bank of Thailand outlines stablecoin policy

Ms. Siritida Panomwon Na Ayudhya, Assistant Governor of Payment Systems Policy and Financial Technology Group, Bank of Thailand (BOT), noted the rapid technological advancements giving rise to a new generation of financial services.

23 March 2021

News/crypto

Thai central bank points to DLT constraints in CBDC trials

A Bank of Thailand project to explore the use of a central bank backed digital currency and distributed ledger technology in B2B invoice payments found commercial benefits to users but limitation in supporting large transactions volumes and preserving privacy.

12 March 2021

News/crypto

China and UAE central banks explore CBDC for cross-border payments

The central banks of China and the United Arab Emirates are joining their counterparts in Thailand and Hong Kong on a CBDC project investigating cross-border foreign currency payments.

23 February 2021