The Bank of Thailand might be increasing its gold reserves to power a de-dollarized trading system, according to Jan Nieuwenhuijs, a gold market analyst. Nieuwenhuijs states that the Bank of Thailand’s constant gold purchases might indicate the nation is preparing to address the possible trade imbalances derived from using Mbridge, a CBDC cross-border settlement project. […]
Source: https://news.bitcoin.com/analyst-bank-of-thailand-boosts-gold-reserves-to-push-de-dollarized-trading-system-fueled-by-cbdc/