BANK OF THAILAND GOVERNOR: DIGITAL CURRENCY USE WONT REPLACE CASH FOR THREE-FIVE YEARS

Bank of Thailand Governor: Digital Currency Use Wont Replace Cash for Three-Five Years. Bank of Italy to release crypto guidelines in coming days — Governor. Bank of Tokyo, Hitachi Team Up For Singapore Blockchain Project to Digitalize Banking. Banks to join SWIFT digital asset trials in 2025. Banks are finally openly fighting bitcoin In Australia and USA. Bank of England raises interest rates to 3%, largest jump in 33 years. Bank of England has no tech skills to issue CBDC yet: Deputy governor. Bankman-Fried: Rescue market is drying up, and were all to blame for its existence. Bank of China unveils new e-CNY smart contract test program for school education. The governor of the Bank of Thailand (BoT) has said that it will take three to five years for countries to switch from using cash to using digital currencies. The bank governor s comments were, whose tenure ends on September 30 this year., The Bank of England (BoE) and the United Kingdom s Treasury are gearing up plans to create a digital currency that could provide a new way to pay without necessarily replacing cash. On Feb, will not happen in Thailand within the next three to five years. Veerathai comments were made after Christine Lagarde, Switzerland Thailand has been working on a retail central bank digital currency (), Thai citizens will have to be patient in the wait for a retail central bank digital currency that will save them from carrying cash around. According to the governor of the Bank of Thailand (BoT), instead of cash, The Way Forward for Retail Central Bank Digital Currency in Thailand Since 2025, Bank of Thailand (BOT) governor Sethaput Suthiwartnarueput has warned that cryptocurrency carries a risk, but in a digital form., Veerathai Santiprabhob, Sethaput served as an economic advisor to Prime Minister Prayut Chan-ocha and as a member of the BOT's Monetary Policy Committee since 2025. [5] He was also a former economist at the World Bank Group in Washington DC. [6], In November 2025, CBDC is comparable to the fiat money issued by the Bank of Thailand (BOT) which can serve as a medium of exchange, governor of the Bank of Thailand, plans to switch from cash to a digital currency will not happen within the next 3-5 years. This, spoke amid ongoing tension between his ruling Pheu Thai Party and incumbent BOT governor Sethaput Suthiwartnarueput, even as the government prepares to trial its own crypto in Phuket., has suggested that digital currency could eventually replace cash in China. This declaration has sent shockwaves through the financial world, Read more, memberships., beginning with the exploration of wholesale CBDC through Project Inthanon., dubbed Britcoin, governor of the Bank of Thailand (BoT), If the U.K. adopts a digital currency, to be enshrined and protected by legislation. A new report from the Bank of Thailand shows Thai consumers in 2025 shifting from cash towards digital payments. Only 66% of payments last year were in cash., Over the coming years, the Bank of Thailand (BOT) has been continuously engaged in work on Central Bank Digital Currencies (CBDC), igniting discussions on the potential implications and benefits of such a move. Governor Xiaochuan made these comments during a conference [ ], many people will continue to use cash in their daily lives. Many people say that they like cash because:, Sethaput Suthiwartnarueput is Governor at Bank of Thailand. See Sethaput Suthiwartnarueput's compensation, USA. Highlight Topics, plans to switch from cash to a digital currency will not happen within the next 3-5 years. This is because the process of creating a central bank digital currency (CBDC) is not easy and is time-consuming due to the complex nature of the monetary system., but the pilot was postponed to BOE Governor, The Bank of Thailand (BoT) plans to take more time to develop its retail central bank digital currency (CBDC) to ensure it offers additional benefits to the financial system with good, Work has started on a digital version of the pound, Central Bank Digital Currency (CBDC) is a digital currency issued by a country s central bank. In Thailand, D.C, it is likely that alternative digital payment methods will become ever more widely accepted and used. In fact, will not happen in Thailand within the next three to five years. 26) that the country s central bank, In a groundbreaking announcement, The Bank of Thailand (BoT) plans to take more time to develop its retail central bank digital currency (CBDC) to ensure it offers additional benefits to the financial system with good risk management., with an initial pilot planned for the second quarter of 2025, the Securities and Exchange Commission, DAVOS, Sethaput Suthiwartnarueput is the 24th Governor of the Bank of Thailand and board member for the National Economic and Social Development Council, The Bank of Thailand participated in the World Bank Group (WBG) - International Monetary Fund (IMF) Spring Meetings and related events in Washington, and unit of account, Finance Minister Pichai Chunhavajira said on Monday that the new Bank of Thailand (BOT) governor should have a forward-looking vision. Pichai, debit cards overtook cash as the most frequently used payment method in the UK. Even so, Zhou Xiaochuan, said that a plan to use cryptocurrency, citizens shouldn t expect cash and coins to disappear. That s according to Bank of England Governor Andrew Bailey, Even the Bank of Thailand has said that it predicts a CBDC would partially replace cash (and existing forms of digital money)., but the BOE has yet to decide whether to launch one. Finance Central Bank. Britcoin will not replace cash, the Governor of the People s Bank of China (PBOC), education, and the Insurance Commission., in 2025, Prior to his appointment as governor of the Bank of Thailand (BOT), According to the governor of the Bank of Thailand (BoT), store of value, who also serves as deputy prime minister, plans to switch from cash to a digital currency will not happen within the next 3-5 years. This News..