Central banks around the world have accelerated their work for CBDC tests. While some countries start CBDC tests, some countries set test dates.
According to Reuters, the Central Bank of Thailand postponed CBDC tests to the end of 2022. In line with the previous decision, CBDC tests were planned to be carried out in the second quarter of 2022.
Vachira Arromdee, Deputy Governor of the Bank of Thailand, said in a statement last August that CBDCs would be tested as an alternative form of payment for “limited scale cash-like activities.”
Bank of Thailand official Kasidit Tansanguan stated that Thailand will act slowly and cautiously when conducting digital currency tests.
According to Reuters, the CBDC tests will test deposits, withdrawals, and money transfers and will only be conducted with 10,000 users.