The National Bank of Cambodia has recently published the whitepaper for their Central Bank Digital Currency (CBDC), called Bakong.
The goal is to make digital payments more efficient (cheaper, faster, more secure), to move away from the dollarized economy by stimulating the local currency (Riel), and most importantly to expand basic financial services to the people in Cambodia.
You can find the whitepaper here.
Comments
Great news really. It will assist Serey in a way.
Yes, you're right.
Wow this is incredible! Congradulations Cambodia! You're one of the first countries in the world for that. Really interesting!