Cambodia sees Bakong as a critical step in modernizing its payment system and de-dollarizing its economy.
Cambodia's central bankers are riding their hopes of de-dollarization on a national payments blockchain: Project Bakong.
The Bakong payments system is designed to end poverty and reduce dependence on the U.S. dollar. Serey Chea is making it happen.
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.