Project Bakong


Markets

Cambodia Central Bank Launches Bakong Blockchain Payments System

Cambodia sees Bakong as a critical step in modernizing its payment system and de-dollarizing its economy.

Project Bakong is named after Cambodia's eponymous sandstone temple.

Markets

Cambodia Plots a Dollar-Free Future With Blockchain-Based Payments: White Paper

Cambodia's central bankers are riding their hopes of de-dollarization on a national payments blockchain: Project Bakong.

The U.S. dollar has been Cambodia's de facto currency for decades. (Lightlook/Shutterstock)

Markets

Cambodia Readies a Blockchain-Based Digital Currency

Cambodia's central bank digital currency platform has the support of 11 national banks and will be used initially for domestic payments once launched at some point during the first fiscal quarter of this year.

Credit: Shutterstock

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