At the ASEAN Blockchain Summit, it became known that Cambodia is preparing to issue a national cryptocurrency. This is not surprising considering the fact that the Cambodian crypto community is constantly growing. The possibility of introducing a digital currency in Cambodia was announced after the launch of the Venezuelan ElPetro.
At the end of January, The Merkle already reported that the number of miners and entrepreneurs working with digital currency has increased in Cambodia. The article also talked about KHCoin developer In Mean.
"It's a trend now. When you talk about cryptocurrencies, you talk about dreams like those from the dawn of the Internet. It can't be stopped. It's a dream that people need, real money, not what the government makes them believe in," Min said in a January interview with Forbes.
In the summer of 2017, the Phnom Penh Post wrote about that the National Bank of Cambodia intends to use blockchain for closed-loop transactions to monitor interbank loan transactions. But by the end of the year, NBC for some reason changed its mind and announced that it did not approve of the use of assets in cryptocurrency.
Also in the kingdom, a Bitcoin gateway for paying for purchases with cryptocurrency called Cryptoasia was launched. As the head of the company, Steve Miller, said, he also plans to create a bitcoin exchange, the project of which is currently being developed.
According to https://themerkle.com
You May Also Like
Mastercard is ready to work with central bank cryptocurrencies
A senior Mastercard executive said the company is open to national digital currencies issued by central banks, the Financial Times reported. Mastercard believes that a national cryptocurrency will provide the secure and easy payment method that decentralized cryptocurrencies provide, but with less volatility.
The Central Bank of Thailand is developing its own cryptocurrency
The Central Bank of Thailand pays great attention to studying and testing the capabilities of blockchain technology in various sectors of the country’s economy, including a number of developments in the work on the use of innovations in the banking environment. The new project is aimed at preparing the release of Thailand's national cryptocurrency (CBDC).
