BoT Will Launch Retail CBDC to Secure Financial Services BANGKOK (NNT) – The Bank of Thailand (BoT) will launch the Retail Central Bank Digital Currency (CBDC) by the second quarter next year to provide Thais with access to more convenient and secure financial services. BoT assistant governor Vachira Arromdee said the development of a Retail CBDC…
Why pay 7% VAT and what do you get in return BAGKOK (NNT) – Valued Added Tax, or VAT, is a familiar concept among the Thai people but is brought up for debate on an almost annual basis, often becoming a political issue. What are the origins of VAT What is the VAT rate in…
Bank of Thailand to begin central bank digital currency tests in 2022 Thailand’s central bank is calling for public comments on its proposed plan to launch a sovereign digital currency within the next five years. The Bank of Thailand has set its agenda for a retail central bank digital currency, with preliminary testing protocols scheduled…