Thai central bank to work with HKMA on cross-border blockchain
Central banks to work on technology to transfer funds across borders
Thailand’s central bank has announced it is working with the Hong Kong Monetary Authority to develop interoperability among ledgers for the transfer of cross-border funds.
The collaboration is part of the third phase of Project Inthanon, the Bank of Thailand’s effort to develop blockchain technologies. It aims to develop and test a proof-of-concept for domestic wholesale funds transfer using a wholesale central bank digital currency (CBDC).
The project’s third phase started in August and is
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