Cambodia heads digital in bid to shake US dollar reliance
Cambodia is only the second country anywhere in the world to have launched a central bank digital currency, with its Bakong currency going live in October 2020.
Latest Cambodia News
Cambodia awaits digital currency rollout
Bakong is in testing since July and is expected to be up and running by the end of the quarter, according to a central bank official.
Cambodia eyes blockchain payment system to reduce US dollar use
Cambodia intends on launching the DLT-based payment network before the end of 2020 to cut down the use of U.S. dollar which accounts for 80% of payments.
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Mercedes will use blockchain to track carbon emissions as Ditto Music & PSG soccer club launch blockchain projects. Singapore has also ventured into regulations.
Cambodia to launch digital currency as 11 banks sign up in support
Project Bakong will deploy blockchain-powered technology across Cambodia’s payment networks, and will feature a central bank digital currency.
This week in tech: China all in on blockchain, more nations explore CBDCs
Led by its Chairman Xi Jinping, China is all in on blockchain as Bahamas explores CBDC. Regulators are also stepping up their game as blockchain makes its mark
Cambodia eyes digital wallets to ease cross-border payments
The Central Bank of Cambodia is examining how digital payment platforms can reduce the costs of cross-border payments.
Limestone Network to build blockchain-based smart city
Phnom Penh will get a mutli-use blockchain area from the Singaporean start-up
Oxfam utilizes blockchain to help Cambodian farmers
Oxfam plans to initiate a blockchain-backed project that will help rice farmers in Cambodia get better prices for their products.
Cambodia requires license for crypto-related activities, authorities say
Three government agencies in Cambodia have issued a stern warning against cryptocurrency-related activities in the country.