News
The US Treasury has proposed cutting the Huione Group's access to the US banking system, accusing it of being involved in laundering crypto.
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Cambodia News
Cambodia is a country located on the Indochinese Peninsula in Southeast Asia. Cambodia is one of the least developed countries in Asia. However, it has one of the most rapidly growing economies in the world. Bitcoin in Cambodia is developing gradually, as the government hasn’t decided yet on the laws as they relate to blockchain and Bitcoin. Cambodian authorities have only claimed mentioned some limitations for banks and other financial establishments on trading and advertising cryptocurrency. Nevertheless, in Cambodia, the adoption of Bitcoin is becoming more and more real, as there are already local cryptocurrency exchange platforms for citizens and there are some projects being made to develop digital currencies and other related products and services — including Bitcoin mining in Cambodia.
- News
The Swiss-based backer of the Internet Computer Protocol will provide training and entrepreneurial support as well as decentralized computing.
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The Cambodian central bank’s Soramitsu-backed digital payment system is continuing to expand.
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Over $35 million in funds from a May cryptocurrency exchange hack have reportedly been moved to the online marketplace Huione Guarantee this month.
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The UNDP’s Universal Trusted Credentials will get its second trial in Cambodia. The plan is to create a 10-country ecosystem.
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While Japan is preparing to solve the legal issues around issuing a CBDC, it has not revealed plans for an official launch.
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The CBDC-like bakong provides digital payment services in riel and the U.S. dollar. It has been steadily extending its regional scope.
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The crypto exchange has signed similar agreements with the governments of Kazakhstan, Dubai and Bermuda.
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A runner and Bitcoin hodler from India is on a mission to travel to 40 countries in 400 days using Bitcoin only.
9406 - Interview
Under the handle "Paco De La India", the YouTuber said he planned to visit 40 countries, often using Bitcoin transactions to pay for everything he needed.
4251 - Analysis
Governments in Asia are quickly researching or implementing CBDCs. What does this mean for the region’s overdependence on the U.S. dollar?
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Launched in late 2020, Cambodia’s digital money project Bakong reached 200,000 users in June, doubling from three months earlier.
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But don’t call it a CBDC, says central bank reps.
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Somewhat behind schedule, Cambodia’s banks are readying themselves for a forthcoming national blockchain-based currency.
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A Singapore blockchain-based smart city project in the Cambodian capital wants to list its native token on a crypto exchange.
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