Oxfam wants to use smart contracts and blockchain to ensure better conditions for Cambodian rice producers.
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.
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Dealing in crypto without obtaining a license from relevant authorities has been declared illegal in Cambodia by the central bank.
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European banking bigwigs appear to be underwhelmed by the idea of digital currency, either decentralized or bank-issued.
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Cambodia may be launching their own national cryptocurrency, taking a cue from Venezuela.
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How a foreign micro-lending company could attract new customers, recruit and prosper in South-East Asia.
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by Jon Buck
National Bank of Cambodia partnering with Soramitsu to create distributed ledger system
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