rooster59 Posted February 28, 2021 Share Posted February 28, 2021 China, UAE join Thailand and HK in central bank digital currency project Subhabhong Rarueysong BANGKOK (NNT) - China and the United Arab Emirates have joined the cross-border digital transaction scheme named Project Inthanon-LionRock, which is a joint project between the Bank of Thailand (BOT) and the Hong Kong Monetary Authority (HKMA). The central bank digital currency (CBDC) project has now been renamed the Multiple CBDC Bridge (m-CBDC Bridge) after the joining of the People’s Bank of China and the Central Bank of the United Arab Emirates. This project aim is to alleviate pain points in cross-border fund transfers, such as inefficiencies, high cost and complex regulatory compliance. It will use distributed ledger technology (DLT) to develop a prototype for real-time cross-border foreign exchange transactions on a 24/7 basis. -- © Copyright NNT 2021-02-28 - Whatever you're going through, the Samaritans are here for you - Follow Thaivisa on LINE for breaking COVID-19 updates Link to comment Share on other sites More sharing options...
Popular Post Susco Posted February 28, 2021 Popular Post Share Posted February 28, 2021 I wonder why a picture of a Bitcoin is attached to a topic about digital currency. Done they know that a digital currency and a virtual cryptocurrency are 2 different things? 2 1 Link to comment Share on other sites More sharing options...
hotchilli Posted February 28, 2021 Share Posted February 28, 2021 5 hours ago, Susco said: I wonder why a picture of a Bitcoin is attached to a topic about digital currency. Done they know that a digital currency and a virtual cryptocurrency are 2 different things? I think Thailand are about to find that out. Link to comment Share on other sites More sharing options...
Burma Bill Posted February 28, 2021 Share Posted February 28, 2021 More scams and corruption on the way?? Link to comment Share on other sites More sharing options...
Fex Bluse Posted February 28, 2021 Share Posted February 28, 2021 China trying to displace the US Dollar. They have little chance as nobody trusts them. Will be useful for Chinese trying to launder money into Thailand. 1 Link to comment Share on other sites More sharing options...
Pilotman Posted February 28, 2021 Share Posted February 28, 2021 what a bunch of untrustworthy partners. Link to comment Share on other sites More sharing options...
Susco Posted February 28, 2021 Share Posted February 28, 2021 29 minutes ago, Fex Bluse said: Will be useful for Chinese trying to launder money into Thailand. Everyone knows long time that Chinese are laundering money in Thailand big time, and we also know that the only thing Thailand cares about is foreign money inflow. Looks like a win-win project 1 Link to comment Share on other sites More sharing options...
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