Hong Kong and Thailand’s central banks have taken a step closer to implementing a joint central bank digital currency (CBDC) for cross-border payments. On January 22, the Hong Kong Monetary Authority (HKMA) and the Bank of Thailand (BOT) officially announced the outcomes of a joint CBDC research project called Project Inthanon-LionRock, Cointelegraph reported. Alongside publishing a joint press release, the banks have issued a detailed 90-page report providing an exhaustive analysis of the potential risks and benefits of CBDCs for real-time money transfers, liquidity management, regulatory compliance, and other ... (full story)