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The director-general of the National Bank of Cambodia revealed that the central bank’s DLT payments platform will go live by the end of the year.
The National Bank of Cambodia’s new digital currency is called Bakong.
Assistant Governor at the National Bank of Cambodia Serey Chea said that blockchain payments will enable greater financial control and remittance efficiency in an interview with CNBC published on Oct. 22.
Malayan Banking Bhd (Maybank) has signed a memorandum of understanding (MoU) with the National Bank of Cambodia (NBC) on cross-border payments and remittances.