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.”

In full:

Related Stories

Latest News

The Weekly DispatchA weekly newsletter from The Cambodia Daily delivering news, analysis and opinion to your inbox. Published every Friday at 11:30am. Sign up today.