Launched in late 2020, Cambodia’s digital money project Bakong reached 200,000 users in June, doubling from three months earlier.
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But don’t call it a CBDC, says central bank reps.
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Somewhat behind schedule, Cambodia’s banks are readying themselves for a forthcoming national blockchain-based currency.
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A Singapore blockchain-based smart city project in the Cambodian capital wants to list its native token on a crypto exchange.
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The director-general of the National Bank of Cambodia revealed that the central bank’s DLT payments platform will go live by the end of the year.
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Cambodia is the latest country to demonstrate serious pro-blockchain action.
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Assistant Governor at the National Bank of Cambodia Serey Chea said that blockchain payments will enable greater financial control and remittance efficiency.
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A new partnership for cross-border payments and remittances will use the National Bank of Cambodia’s blockchain-based payment system.
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A Singaporean startup, Limestone Network, is using blockchain to sustain a smart neighbourhood at the heart of the Cambodian capital.
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Oxfam wants to use smart contracts and blockchain to ensure better conditions for Cambodian rice producers.
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Dealing in crypto without obtaining a license from relevant authorities has been declared illegal in Cambodia by the central bank.
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European banking bigwigs appear to be underwhelmed by the idea of digital currency, either decentralized or bank-issued.
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Cambodia may be launching their own national cryptocurrency, taking a cue from Venezuela.
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How a foreign micro-lending company could attract new customers, recruit and prosper in South-East Asia.
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