#National Bank of Cambodia News

WEF Executive Weighs in on Disputed Cryptocurrency Tax Policy

Cambodia to Erase US Dollar Hegemony with Project Bakong

August 7, 2021 by Anthonia Isichei at Regulation

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 of the National Bank of Cambodia (NBC) Chea Serey, noted...

Cambodia Looking to Capitalize on Blockchain Solutions at ASEAN Summit

Cambodia: Project Bakong CBDC Goes Live

October 29, 2020 by Osato Avan-Nomayo at Regulation

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 28, 2020) announced the launch of the country’s CBDC. As...

Cambodia’s Project Bakong CBDC Set for Roll Out in the Next Few Months

July 28, 2020 by Osato Avan-Nomayo at Regulation

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 and keep up with China’s accelerated progress in the emerging...

Cambodia: A Country Bursting with Cryptocurrency Enthusiasts

January 25, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Commentary, News, Regulation

In Mean, a Cambodian software developer who caught the bitcoin bug quite early mined "a lot of bitcoin" when the price of bitcoin was even lower than current trends. If only he had backed up his bitcoin, he wouldn't have lost it all by now. KHCoin and a Growing Ecosystem...

Soramitsu and the Central Bank of Cambodia to Develop New Payment Infrastructure Using Hyperledger Iroha

April 22, 2017 by Alex Lielacher at Blockchain, Business, Finance, News

Japanese blockchain startup Soramitsu Co. and the National Bank of Cambodia have announced that they will collaborate to co-develop the open source distributed ledger project Hyperledger Iroha with the aim to build a new payment infrastructure based on blockchain technology. Hyperledger Iroha is an open-source software framework and part of...