Bahamas And Thailand Are On The Leading Edge Of CBDC Development
Bahamas and Thailand are on the leading edge of CBDC development, offering an important glimpse in the race to issue government-backed cryptocurrencies. It has been reported that in its 2021 “CBDC global index,” consulting firm PwC surveyed the level of central-bank maturity in deploying cryptocurrencies based on two factors: retail applications and interbank applications. However, retail applications refer to CBDCs that can be held and transacted directly by individuals and