The CBDC-like bakong provides digital payment services in riel and the U.S. dollar. It has been steadily extending its regional scope.
Binance to assist Cambodia in developing crypto regulations
Crypto exchange Binance has signed similar agreements with governments in Kazakhstan, Dubai and Bermuda.
Bitcoin runs the world: Traveling to 40 countries in 400 days with BTC
A runner and Bitcoin hodler from India is on a mission to travel to 40 countries in 400 days using Bitcoin only.
From tuk tuks to COVID tests, YouTuber tests Bitcoin use cases across multiple countries
Under the handle “Paco De La India”, the YouTuber said he planned to visit 40 countries, often using Bitcoin transactions to pay for everything he needed.
Asian CBDC projects: What are they doing now?
Governments in Asia are quickly researching or implementing CBDCs. What does this mean for the region’s overdependence on the U.S. dollar?
Cambodia explores cross-border transactions of CBDC-like Bakong
Launched in late 2020, Cambodia’s digital money project Bakong reached 200,000 users in June, doubling from three months earlier.
Cambodia Central Bank Launches Bakong Blockchain Payments System
Cambodia sees Bakong as a critical step in modernizing its payment system and de-dollarizing its economy.
Bitcoin News Roundup for June 22, 2020
With gold up and the price of bitcoin treading water, today we’re talking academic piracy and Cambodia’s blockchain plot to escape the dollar.
Bitcoin News Roundup for June 22, 2020
With gold up and the price of bitcoin treading water, today we’re talking academic piracy and Cambodia’s blockchain plot to escape the dollar.
The Unsolved Mystery of How to Fund Public Protocols
Gitcoin, BCash and Zcash all try different paths to fund public protocol development, plus the latest in CBDCs from Japan and Cambodia and Andrew Yang on crypto.
Cambodia Readies a Blockchain-Based Digital Currency
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.
Cambodia’s Central Bank Testing Digital Wallet to Ease Cross Border Payments
Cambodia’s Central Bank wants to slash the cost of cross-border payments and is studying how its Bakong digital wallet might help.
Crypto Trading Without License Is ‘Illegal,’ Cambodian Regulators Say
Buying, selling, trading and settlement of cryptocurrencies is now illegal without a license, according to a statement from Cambodian authorities.