Cambodia Preparing to Launch CBDC, Trials Already in Motion

The National Bank of Cambodia is preparing to launch a new central bank digital currency (CBDC) called Bakong. The bank had started testing the currency in July 2019. Now it expects to launch the currency in the next few weeks fully.

According to the director-general of the National Bank of Cambodia, Chea Serey, the new cryptocurrency system will be operations in the ongoing fiscal quarter, calling Bakong “the national payment gateway for Cambodia.”

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