in Cryptocurrency

The National Bank of Cambodia Will Launch a Digital Payments Network This Quarter

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The National Bank of Cambodia’s new digital currency is called Bakong.

It’s effectively a central bank digital currency (CBDC) that was launched on a trial basis throughout Cambodia in July. Chea Serey, director-general of the National Bank of Cambodia, said the system will be operational within the present fiscal quarter. Serey described Bakong as “the national payment gateway for Cambodia.”

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Source: Cryptocurrency - investing.com

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