2020-5-13 06:17 |
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’s central bank is getting set to launch the country’s central bank digital currency (CBDC) in conjunction with almost a dozen commercial banks. APAC nations continue to develop sovereign digital currencies mainly to challenge U.
2020-7-29 23:00 | |
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With China still in the lead, other countries are advancing their projects to develop payment systems around central bank digital currencies (CBDCs). Cambodia, for example, has recently revealed it will mint its own coin within months.
2020-2-3 07:25 | |
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With China still in the lead, other countries are advancing their projects to develop payment systems around central bank digital currencies (CBDCs). Cambodia, for example, has recently revealed it will mint its own coin within months.
2020-2-3 07:25 | |
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Bank of Lithuania may be the next entity to look into Central Bank Digital Currencies (CBDCs), after multiple banks worldwide have expressed interest. All Aboard the Central Bank Digital Currency Bandwagon Following preliminary interest from central banks in China, as well as India, Cambodia, and to an extent the European Central Bank, the Bank of Lithuania has given attention to digital assets issued and backed centrally.
2020-1-31 16:00 | |
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Leading the way for a practical CBDC is — Cambodia
2020-1-31 02:54 | |
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The Phnom Penh Post reports that within the next couple or more months, Cambodia’s central bank is going to launch its own blockchain-based peer-to-peer money platform. The system is called Project Bakong and it will be a central bank digital currency (CBDC) – backed payments app.
2020-1-31 22:03 | |
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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.
2020-1-31 20:00 | |
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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 | |
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Blockchain payments will enable greater financial control and remittance efficiency, says a National Bank of Cambodia official
2019-10-23 13:25 | |
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The National Bank of Cambodia, the country’s central bank, signed an MoU on cross-border payments and remittances with Malaysia’s largest bank
2019-10-21 01:24 | |
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The Central Bank of Cambodia has recently announced that it plans to diminish the costs of cross-border transfers and payments by using a digital wallet based on a blockchain called Bakong, powered by the Hyperledger technology.
2019-10-19 00:05 | |
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Cambodia’s Central Bank wants to slash the cost of cross-border payments and is studying how its Bakong digital wallet might help.
2019-10-18 08:00 | |
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Cambodia’s Central Bank wants to slash the cost of cross-border payments and is studying how its Bakong digital wallet might help.
2019-10-18 08:00 | |
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North Korea could pose a threat to countries across Southeast Asia as it looks to exploit cryptocurrency exchanges due to gaps in regulatory frameworks, according to a new report.
2019-4-25 17:04 | |
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Three Cambodian government bodies have jointly announced that the propagation, circulation, buying, selling, trading, and settlement of cryptocurrencies without obtaining a license are illegal activities.
2018-6-22 02:20 | |
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Cambodian authorities have now announced that domestic investors are required to obtain a license in order to allow them to buy, sell or trade cryptocurrencies. Without a license, these activities would now be considered illegal.
2018-6-20 13:00 | |
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Dealing in crypto without obtaining a license from authorities has been declared illegal in Cambodia, in a joint statement released today by the country’s central bank
2018-6-20 20:30 | |
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The Central Bank of Brazil has initiated the second phase of its central bank digital currency project, DREX, aiming to demonstrate trade finance as a new use case. In a press release on Nov. 19, Brazil’s central bank announced it…
According to the results of the 2023 BIS survey on central bank digital currencies and crypto, only 12% of central banks are planning to issue retail CBDCs in the mid-term. A recent survey by the Bank for International Settlements (BIS)…
The BOJ hiked the benchmark borrowing cost by 10 basis points, abandoning the prolonged negative interest rate policy.
From legal issues to hackers, launching a CBDC is fraught with risks, and BIS has a big list of them to consider.
NITDA chief Kashifu Inuwa Abdullahi said it’s crucial to take proactive measures to harness AI benefits and mitigate threats.
The answer again is regulation, although this time the suggested regulation looks a lot like central bank co-option.
The answer again is regulation, although this time, the suggested regulation looks a lot like central bank co-option.