Cambodias Bakong Tourists app boosts regional payment options

The Cambodian central banks Soramitsu-backed digital payment system is continuing to expand.

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United Nations, ICP launch digital credentials pilot in Cambodia

The UNDPs Universal Trusted Credentials will get its second trial in Cambodia. The plan is to create a 10-country ecosystem.

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Cambodia Bars Using and Trading of Crypto

Cambodia has placed strict limitations on the way cryptocurrencies are used. The country has banned its citizens from making cryptocurrency transactions. (Read More)

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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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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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Cryptocurrency Crackdown: Cambodia Blocks 16 Exchanges, Usage Surge

Cambodia has intensified its efforts to regulate the cryptocurrency sector by blocking 16 major crypto exchange websites, including Coinbase and Binance. This move, part of a broader campaign, comes from the Telecommunication Regulator of Cambodia (TRC), which ordered the block of 102 domains under chairman Srun Kimsann. The crackdown aims to curb unlicensed activities and […]

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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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