Cambodia’s Central Bank Signs Deal to Develop Blockchain Tech
Add Cambodia's central bank to the list of major financial market managers investigating blockchain and distributed ledger tech.
Cambodia
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 wants to slash the cost of cross-border payments and is studying how its Bakong digital wallet might help.
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.
Buying, selling, trading and settlement of cryptocurrencies is now illegal without a license, according to a statement from Cambodian authorities.
The National Bank of Cambodia has said it will continue to develop interbank payment solutions using blockchain tech.
