National Bank of Cambodia
Cambodia's central bankers are riding their hopes of de-dollarization on a national payments blockchain: Project Bakong.
Jan 30, 2020
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.
The Bakong payments system is designed to end poverty and reduce dependence on the U.S. dollar. Serey Chea is making it happen.
Buying, selling, trading and settlement of cryptocurrencies is now illegal without a license, according to a statement from Cambodian authorities.