Cambodia Readies a Blockchain-Based Digital Currency

2020-1-31 20:00

Cambodia's central bank digital currency platform has the support of 11 national banks and will be used initially for domestic payments once launched at some point during the first fiscal quarter of this year.

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Cambodia to Launch Digital Currency with Support of 11 Banks

Two years after reports of a Cambodian cryptocurrency, the country is set to launch a central bank digital currency (CBDC) payment system. Project Bakong to Feature Centralized Digital Currency According to Cambodian daily Phnom Penh Post, the country’s central bank is set to roll out “Project Bakong,” a blockchain-powered money transfer platform that features a CBDC.

2020-1-31 17:00