Cambodia awaits digital currency rollout

Cambodia is still awaiting the rollout of its digital currency, after reports from the country’s central bank earlier this year suggesting it was preparing an imminent launch of the technology.

Back in early 2020, the National Bank of Cambodia said it was launching a digital currency, powered by blockchain, in the first quarter of the year. However, moving into Q3, there is still no sign of the digital currency, known as Bakong.

Earlier in the week, the bank’s director-general Chea Serey was quoted by The Phnom Penh Post saying that Bakong had been launched in testing in July, and is expected to be up and running by the end of the quarter. This would imply a new deadline of September 30 for the currency to be in widespread use in the country.

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