Cambodia Launches Blockchain-Based Platform “Bakong” For Digital Money Transactions
Cambodia officially launched a blockchain-based platform for digital money transactions named “Bakong” amidst a global race toward central bank digital currencies (CBDCs). On October 28, it has been reported by Dap-News that Bakong is a payment and money transfer service through banks or microfinance institutions that were established under the initiative of the National Bank of Cambodia. However, the Asian country’s central bank collaborated with a number of entities on the