The Bank of the Lao PDR is partnering with Japanese blockchain provider Soramitsu to explore the potential of a central bank digital currency (CBDC).

The study is set to begin as early as this month, but the central bank of Laos has yet to come to a conclusion on whether to issue a CBDC. The Japan International Co-operation Agency is working on the project jointly with the central bank, as part of a wider push to support socioeconomic development in Laos.

“It is the first step in what will