The Bank of Thailand, which is the Central Bank in this country, decided to issue its own cryptocurrency.
Thus, the authorities want to: "increase the level of technological readiness of the Thai financial sector to the use of new financial technologies that are necessary to improve operational efficiency."
In addition, the cryptocurrency project of the Bank of Thailand, which was named Inthanon, will be implemented in cooperation and on a parity basis with eight banks and other financial institutions of the country.
The Bank of Thailand plans first of all to "develop, create and test a system that would allow the transfer of significant funds using the national cryptocurrency".
