Cambodia – DIGIT INFO

Cambodian digital currency bakong amps up use case with Alipay agreement

The CBDC-like bakong provides digital payment services in riel and the U.S. dollar. It has been steadily extending its regional scope.

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10 Southeast Asian Nations Challenge Dollar Dominance With Push for Local Currencies

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, Philippines, Singapore, Thailand, and Vietnam. This move will help them reduce their reliance on the U.S. […]

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India to Facilitate International Settlements in Rupees to Reduce Dependence on the US Dollar

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 experiencing a U.S. dollar crush. India to Offer Rupee-Based Settlement Options for […]

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Binance to assist Cambodia in developing crypto regulations

Crypto exchange Binance has signed similar agreements with governments in Kazakhstan, Dubai and Bermuda.

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Bitcoin runs the world: Traveling to 40 countries in 400 days with BTC

A runner and Bitcoin hodler from India is on a mission to travel to 40 countries in 400 days using Bitcoin only.

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From tuk tuks to COVID tests, YouTuber tests Bitcoin use cases across multiple countries

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.

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Asian CBDC projects: What are they doing now?

Governments in Asia are quickly researching or implementing CBDCs. What does this mean for the region’s overdependence on the U.S. dollar?

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Laos to Study Digital Currency With Help From Japanese Fintech, Report Reveals

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 to Develop Digital […]