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.
But don’t call it a CBDC, says central bank reps.
Cambodia launches inter-banking platform that runs on blockchain
Somewhat behind schedule, Cambodia’s banks are readying themselves for a forthcoming national blockchain-based currency.
Cambodians Still Waiting on Central Bank Digital Currency
A Singapore blockchain-based smart city project in the Cambodian capital wants to list its native token on a crypto exchange.
Blockchain-Based Smart City Project Limestone Plans for Token Listing
The director-general of the National Bank of Cambodia revealed that the central bank’s DLT payments platform will go live by the end of the year.
Cambodia’s New DLT Payments Network Aims to Undermine US Dollar
Cambodia is the latest country to demonstrate serious pro-blockchain action.
The National Bank of Cambodia Will Launch a Digital Payments Network This Quarter
Assistant Governor at the National Bank of Cambodia Serey Chea said that blockchain payments will enable greater financial control and remittance efficiency.
Bank of Cambodia: We’ll Allow More Control With Blockchain Payments
A new partnership for cross-border payments and remittances will use the National Bank of Cambodia’s blockchain-based payment system.
Remittances Partnership to Use Cambodia Central Bank’s Blockchain System