Upload
others
View
0
Download
0
Embed Size (px)
Citation preview
Central Bank Digital Currency (CBDC)
Media Briefingวันที่ 15 กรกฎาคม 2563
2/7
Development of payment
Physical notes Electronics payment Digital money
• Secure, resilient • Universal accessible• Private• Legal claims• Low value payment• Cannot make a purchase
remotely
Key Properties
• Secure, resilient • Universal accessible• Private• Legal claims• High value payment• Can make a purchase
remotelySolve these issues
Maintain trust by intermediaries
• Secure, resilient • Universal accessible• Private• Legal claims• Low value payment• Cannot make a purchase
remotely
Reduce roles of intermediaries
“Cost” “Reduce Cost”
Financial Institutions
Source: Bank of Canada
Why Distributed Ledger Technology?
Centralized Network Distributed NetworkWhere are we in this spectrum for “CBDC” ?
Trust is made by one person
CryptocurrencyElectronics money
Picture source: https://nesad.us/nesad-network/collective-intelligence/
Trust is provided by network
3/7
Explore DLT-based RTGS Enhance DLT
functionalities Extend network
Phase 1 Phase 2 Phase 3
• A prototype of
decentralized RTGS
• Key functionalities
- Cash/Bond tokenization
- Bilateral Transfers
- Queuing Mechanisms
- Gridlock Resolution
- Automated Liquidity Provision
• Fraud prevention for 3rd
party funds transfer
• Compliance for non-
resident regulation
• Bond life-cycle
(Interbank bond trading
and Repo)
• Cross-border fund transfer
Aug 18 Jan 19 Sept 19 Jan 20
Project Inthanon: Phase 1, 2 & 3(Wholesale CBDC)
4/7
What is next?
Project Inthanon: Phase
CBDC Network
Issue CBDC
Cross-border gateway(PvP)
1 2
3
1
CBDC for corporate• Expect new use cases of CBDC from corporate level• Explore new design for distributing CBDC to corporate level• Evaluate the implication to financial institutions
4 4
2 3
Wholesale level
Corporate/Retail level
5/7
Collaboration is a key success factor
“participation in the strategic
direction of an industry
transforming initiative”
“collaboratively developed application”
“upskilled team in DLT and Wholesale CDBC”
6/7
Inthanon Phase 1, 2 & 3(Public papers)
7/7