Thai Central Bank to test its retail CBDC in 2022
Central bank digital currencies (CBDCs) are increasingly gaining traction in the global financial system. Although it is still the early days, an increasing number of central banks globally are working on developing and issuing their CBDCs. Thailand's central bank intends to test its retail CBDC by next year.
Thailand to pilot retail CBDC by next year
Thailand's central bank said it would test its CBDC by next year. The apex bank made the announcement via a press release yesterday, adding that it is open to accepting public feedback on its retail CBDCs by June 15 this year.Ms.Vachira Arromdee, Assistant Governor of the Financial Markets Operations Group, Bank of Thailand (BOT), said the country has to look towards digital currencies due to the direction the world is moving.
Arromdee stated that "The BOT's main objective in exploring Retail CBDC is aimed at providing citizens with access to more convenient and secure financial services. In addition, the development of a Retail CBDC will support a technology-led future that is efficient and cost-effective, and contribute to the development of more diverse and innovative financial services."
The Bank of Thailand believes the development of a CBDC is crucial since it can alter the financial infrastructure and, ultimately, the country's financial landscape. Due to its importance, the BOT has to seek the general public's feedback to give it a general sense of direction in the project.
"It is important for the BOT to seek feedback from the general public, including both the public and private sectors, on the development and issuance of Retail CBDC," the press release added.
Bank of Thailand joins other apex banks in CBDC development
The Bank of Thailand has become one of the central banks actively developing a CBDC. The central banks globally are researching or developing CBDCs as they look to catch up with the private sector in the digital currency race. The rise of stablecoins has made it crucial for central banks to develop and issue CBDCs as it allows them to be in control of the global financial system.Continue reading by joining Cryptonary Pro
$1,548 $997/year
Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.
For your security, all orders are processed on a secured server.
As a Cryptonary Pro subscriber, you also get:
24/7 access to experts with 50+ years’ experience Terms
All of our top token picks for 2025
On hand technical analysis on any token of your choice
Weekly livestreams & ask us anything with the team
Daily insights on Macro, Mechanics, and On-chain
Curated list of top upcoming airdrops (free money)
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut through the noise and consistently find winning assets.
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.
Frequently Asked Questions
Can I trust Cryptonary's calls?
Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.
Do I need to be an experienced trader or investor to benefit?
No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.
What makes Cryptonary different from free crypto content on YouTube or Twitter?
Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.
Why is there no trial or refund policy?
We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.
Do I get direct access to the Cryptonary team?
Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.
How often is content updated?
Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.
Recommended from Cryptonary
