cambodia News

Bakong, Cambodia’s digital currency, has surpassed 10 million opened accounts, accounting for 60% of the nation’s population. In a recent interview with Nikkei Asia on Dec. 19, Cambodia‘s central bank governor, Chea Serey, revealed that the country’s nascent digital currency,…

Binance recently announced an alliance with the Royal Group of Companies based in Cambodia to promote blockchain’s ecosystem. Binance partners with Royal Group Cryptocurrency exchange and blockchain infrastructure service provider Binance has joined forces with the Royal Group of Companies…

MoonXBT will support Securities and Exchange Regulator of Cambodia (SERC) development and adoption of digital assets in the country.

Cambodia’s central bank is working towards widespread adoption of its central bank digital currency (CBDC) with the ultimate aim of eliminating the US dollar hegemony in the country. Project Bakong to Eliminate USD Dependence Speaking to Nikkei Asia, the director-general…

Cambodian bank SBI LY HOUR Bank has launched the first blockchain-based remittance services between Cambodia and Vietnam. This solution is expected to improve cross-border transactions between the two countries.  Blockchain transfer via RippleNet The development was revealed by local news…

Cambodia is the latest country to launch a central bank digital currency (CBDC) as Project Bakong is now deployed across the nation. Banking the Unbanked with Bakong According to the Bangkok Post, the National Bank of Cambodia on Wednesday (October…

Schuttelaar & Partners (SP), a Brussels-based firm that claims to be focused on creating a fair, healthy, and sustainable food ecosystem, has joined forces with Amru Rice, a major exporter of rice in Cambodia. The alliance is aimed at using…

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.S. Dollar (USD) within their economies…

According to a Coindesk report published on June 19, 2020, the National Bank of Cambodia is poised to go ahead with its blockchain-based payments system dubbed ‘Project Bakong’ to disrupt the dollar’s hegemony in the country. Project Bakong to Disrupt Dollar Hegemony Despite…

Cambodia, one of the crypto-friendly Asian nations in recent times is looking to increase its regulatory oversight in its Crypto Space to eliminate bad actors. Now, the country has officially made it illegal for companies to offer virtual currency-based services…