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With China still in the lead, other countries are advancing their projects to develop payment systems around central bank digital currencies (CBDCs). Cambodia, for example, has recently revealed it will mint its own coin within months. The news comes as more details about the digital Chinese yuan indicate its main purpose will be to substitute … Read more
Leading the way for a practical CBDC is — Cambodia Go to Source Powered by WPeMatico
Blockchain payments will enable greater financial control and remittance efficiency, says a National Bank of Cambodia official Go to Source Powered by WPeMatico
The National Bank of Cambodia, the country’s central bank, signed an MoU on cross-border payments and remittances with Malaysia’s largest bank Go to Source Powered by WPeMatico
A Singaporean startup, Limestone Network, is using blockchain to sustain a smart neighbourhood in Phnom Phen Go to Source Powered by WPeMatico
Aiming to improve conditions for producers, Oxfam has opted to “put rice on the blockchain” in Cambodia Go to Source Powered by WPeMatico
Superrich International Exchange, a popular foreign currency exchange chain in Thailand, has reportedly revealed a plan to begin offering travelers cryptocurrency exchange service in addition to 32 fiat currencies. The company has 49 locations in Thailand, one in Cambodia, one in Britain, and is also in talks with regulators to start operations in Laos. Also … Read more
Three Cambodian government bodies have jointly announced that the propagation, circulation, buying, selling, trading, and settlement of cryptocurrencies without obtaining a license are illegal activities. The agencies have also outlined four main risks associated with crypto trading or investing. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space License Needed The National Bank of Cambodia (NBC), … Read more
Dealing in crypto without obtaining a license from authorities has been declared illegal in Cambodia, in a joint statement released today by the country’s central bank Go to Source Powered by WPeMatico
According to a recent report, cryptocurrency miners from China have been flocking to regions in Southeast Asia like Vietnam, Myanmar, and Cambodia. However, a relocated Chinese miner based in Cambodia says miners trying to find safe havens in other Southeast Asian countries are having difficulties, and losing money every month due to residents complaining and unreliable … Read more
