Central Bank Digital Currency (CBDC)

Name: Vijak Sethaput

Organization : Bank of Thailand

Email : vijaks@bot.or.th

Name: Suwannee Adsavakulchai

Organization : The University of the Thai Chamber of Commerce

Email : suwannee_ads@utcc.ac.th

keyword: Distributed Ledger Technology (DLT)

ThaSH: Digital currency

ThaSH: Blockchains (Databases)

Abstract: Central Bank Digital Currency (CBDC) is a digitized domestic currency where the central bank issues new digital money equivalent to its domestic currency. CBDC could be issued using distributed ledger technology (DLT) where transactions would operate and settle on a peer-to-peer basis. There are two types of CBDC, retail and wholesale. Retail CBDC is issued for general use which is peer-to-peer payments and payments from consumers to merchants. Wholesale CBDC is issued for specific use by commercial banks and clearing houses aiming at more efficient interbank payments. Many central banks have already engaged in or about to begin the CBDC framework. Quite a few central banks start their CBDC projects building proofs of concept (PoCs) using DLT to replicate wholesale payment systems such as the Monetary Authorities of Singapore (Project Ubin), Bank of Canada (Project Jasper), and Bank of Thailand (Project Inthanon), and now looking for expanding their uses to other use cases such as cross- border remittance and delivery versus Payment (DvP). With an announcement of Libra global stable coin and global pandemic which encourages digital payments, many central banks accelerate their study in retail CBDC with some has already started testing for example in China. We are not surveying prior academic work but rather demonstrate results presented by each Central Banks in this area. Moreover, this paper also compares analyses of both technical and business aspects among various CBDC, identifies challenges, and discuss future works in this rapidly evolving field.

King Mongkut's University of Technology North Bangkok. Central Library

Address: BANGKOK

Email: library@kmutnb.ac.th

Created: 2020

Modified: 2025-10-14

Issued: 2025-10-14

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BibliograpyCitation : ใน มหาวิทยาลัยนเรศวร และสมาคมวิชาการทางวิศวกรรมไฟฟ้า (ประเทศไทย). การประชุมวิชาการทางวิศวกรรมไฟฟ้า ครั้งที่ 43 (EECON-43) (pp.386-389). พิษณุโลก : มหาวิทยาลัยนเรศวร

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