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Report Highlights USDT’s Role in the Underground Economy of Cambodia
20.12.2023
A recent report from the South China Morning Post (SCMP) explains the enabling role that Tether’s USDT has on the underground Chinese-linked economy of Cambodia. The stablecoin is allegedly used in different activities like sidestepping capital controls for Chinese nationals, who can use...
Cambodian digital currency bakong amps up use case with Alipay agreement
20.11.2023
The CBDC-like bakong provides digital payment services in riel and the U.S. dollar. It has been steadily extending its regional scope
Heatwave and Debt: Laos Suspends Crypto Mining Operations Amid Rising Power Demands
26.8.2023
In recent developments, Electricite du Laos (EDL) announced on August 24 that the power company shut down cryptocurrency mining activities. This decision came after this summer’s unprecedented heat surge escalated electricity demands. Furthermore, these mining operations have reportedly been...
10 Southeast Asian Nations Challenge Dollar Dominance With Push for Local Currencies
14.5.2023
The leaders of 10 Southeast Asian nations, members of the Association of Southeast Asian Nations (ASEAN), have agreed to “encourage the use of local currencies for economic and financial transactions.” The group comprises Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar...
India to Facilitate International Settlements in Rupees to Reduce Dependence on the US Dollar
3.4.2023
The government of India has announced that it will facilitate the settlement of international transactions using its national currency, the rupee. As part of its foreign trading policy framework implemented on April 1, the country introduced this measure to facilitate payments for countries...
Binance to assist Cambodia in developing crypto regulations
30.6.2022
Crypto exchange Binance has signed similar agreements with governments in Kazakhstan, Dubai and Bermuda
Report: Cambodia Reaffirms Stance Against Unsanctioned Crypto-Related Activities
28.4.2022
Cambodian authorities have reportedly said that no cryptocurrency company has been issued a business license yet, and that conducting cryptocurrency-related activities in the country is still illegal. Fintech Industry Growing Rapidly The Cambodian government has not greenlighted the issuing or...
Bitcoin runs the world: Traveling to 40 countries in 400 days with BTC
16.3.2022
A runner and Bitcoin hodler from India is on a mission to travel to 40 countries in 400 days using Bitcoin only
From tuk tuks to COVID tests, YouTuber tests Bitcoin use cases across multiple countries
17.1.2022
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
Asian CBDC projects: What are they doing now?
16.10.2021
Governments in Asia are quickly researching or implementing CBDCs. What does this mean for the region’s overdependence on the U.S. dollar?
Laos to Study Digital Currency With Help From Japanese Fintech, Report Reveals
3.10.2021
The central bank of Laos intends to explore issuing its own digital currency, according to a media report that provided details on the plan. A study on the matter will commence soon and will be conducted with the support of a fintech startup based in Japan. Central Bank of Laos Joins Race...
Cambodia explores cross-border transactions of CBDC-like Bakong
6.8.2021
Launched in late 2020, Cambodia’s digital money project Bakong reached 200,000 users in June, doubling from three months earlier
Cambodia launches inter-banking platform that runs on blockchain
28.10.2020
But don’t call it a CBDC, says central bank reps
Cambodia Central Bank Launches Bakong Blockchain Payments System
28.10.2020
Cambodia sees Bakong as a critical step in modernizing its payment system and de-dollarizing its economy
Cambodians Still Waiting on Central Bank Digital Currency
29.7.2020
Somewhat behind schedule, Cambodia’s banks are readying themselves for a forthcoming national blockchain-based currency
Blockchain-Based Smart City Project LImestone Plans for Token Listing
26.7.2020
A Singapore blockchain-based smart city project in the Cambodian capital wants to list its native token on a crypto exchange
Bitcoin News Roundup for June 22, 2020
22.6.2020
With gold up and the price of bitcoin treading water, today we're talking academic piracy and Cambodia's blockchain plot to escape the dollar
Cambodia Plots a Dollar-Free Future With Blockchain-Based Payments: White Paper
19.6.2020
Cambodia's central bankers are riding their hopes of de-dollarization on a national payments blockchain: Project Bakong
Cambodia’s New DLT Payments Network Aims to Undermine US Dollar
13.5.2020
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 Announces Own Cryptocurrency as More Details Surface About China’s Digital Yuan
3.2.2020
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...