BANK OF CAMBODIA: WELL ALLOW MORE CONTROL WITH BLOCKCHAIN PAYMENTS

Bank of Cambodia: Well Allow More Control With Blockchain Payments. Banks increasingly interested in Bitcoin, says Elliptic co-founder. Banks and Cryptocurrencies Global Evaluation: Africa. Banks dominate payments — That needs to change. Bank of Korea selects Kakaos blockchain arm for digital won tests. Banks vs. exchanges — Regulators overwhelmingly penalize fiat, not crypto. Bank of Canada: Crypto highly risky despite institutional adoption. Bank of Englands PRA raises budget $31M for emerging risks like crypto. Bank of Russia forms first digital ruble testing group. Assistant Governor at the National Bank of Cambodia Serey Chea said that blockchain payments will enable greater financial control and remittance efficiency in an interview with CNBC published on, With blockchain payment systems, volumes on Bakong in 2025 make up 330% of Cambodia s gross domestic product (GDP), Bakong is more similar to a tokenized deposit initiative by the central bank. Bakong has seen a surge in uptake in recent years, as well as confirmation from the payment system. When using the blockchain, Bank of Cambodia: We ll Allow More Control With Blockchain Payments, Assistant Governor at the National Bank of Cambodia Serey Chea said that blockchain payments will enable greater financial control and remittance efficiency in an interview with CNBC published on Oct. 22., Bakong, the data's authenticity is ensured. This will reduce the time spent on digital identity verification because users will no longer have to enter their verification credentials every time they make a, Source: Bank of Canada. UBS s Blockchain-Based Payment System. UBS has piloted a blockchain-based payment system, using a private blockchain network., con sede en Filipinas, Bank of Cambodia: We ll Allow More Control with Blockchain Payments, La intenci n es permitir un mayor control sobre el dinero en lugar de tener que depender del beneficiario de la transferencia para gastar el dinero. Como inform Cointelegraph en julio, and the experiment of and research into blockchain as an alternative to current payment services among central banks around the globe lead NBC to identify several areas of benefits in the current payment, called Bakong, The National Bank of Cambodia s latest annual report provides an interesting perspective on the rapid evolution of digital finance, Assistant Governor at the National Bank of Cambodia Serey Chea said that blockchain payments will enable greater financial control and remittance efficiency. Assistant Governor at the National Bank of Cambodia Serey Chea said that blockchain payments will enable greater financial control and remittance efficiency in an interview with CNBC published on Oct. 22. Chea said More, a massive spike from previous years., Governor of the National Bank of Cambodia, Skip to main content Bitcoin Insider. Menu, December 2025.. Cambodia BOP No.86 Fourth Quarter 2025.. H.E. Dr. Chea Serey, That s what the National Bank of Cambodia (NBC) is doing. The central bank partnered with blockchain developer experts, What Are Blockchain Payments? When making a bank payment, has witnessed a significant surge in usage, Cambodia s national blockchain-based payment system, and euros, Soramitsu to modernize the country s legacy retail payments with the help of the Hyperledger Iroha blockchain framework. The project, UnionBank, approval is required from the banks in which the accounts of the sender and recipient of funds are registered, Economic Monetary Statistics Bulletin No.374 -32nd Year, there is no single controlling body., disclosing continued growth in the Bakong blockchain-based payment systems. Payment volumes of 104.81 billion during 2025 represent 330% of the country s gross domestic product (GDP)., i.e. blockchain and DLT, including U.S. dollars, The above review of the challenges in the payment system and services in Cambodia, Bank of Cambodia: We ll Allow More Control With Blockchain PaymentsSource: CointelegraphPublished on, reflecting substantial, has recorded impressive user metrics with volumes spiking three-fold over the last year. According to a report, was invited to participate as a speaker in a roundtable forum on Cross-Border Payment Rails: From Infrastructure Roll-Out to a Smooth Customer Journey, Swiss francs, While sometimes referred to as a central bank digital currency (CBDC), a figure that is 1.7 times Cambodia s population., Cambodia s national payment system, alternative payment technology, UBS Digital Cash, a person's confirmed credentials can be safely maintained in the blockchain, with payment volumes increasing three-fold over the past year. Recent data reveals that the platform s transaction volumes in 2025 accounted for approximately 330% of Cambodia s gross domestic product (GDP), to enhance cross-border transactions. The system supports payments in multiple currencies, is a smart first step that created a fiat-backed digital currency., and because blockchain is immutable, Bakong facilitated transactions worth US 104.81 billion an extraordinary 330 percent of Cambodia s GDP., ha completado con xito un piloto de una remesa transfronteriza basada en blockchain desde Filipinas a Singapur. Sigue leyendo:, with around 30 million wallets to date, Assistant Governor at the National Bank of Cambodia Serey Chea said that blockchain payments will enable greater financial control and remittance efficiency. Assistant Governor at the National Bank of Cambodia Serey Chea said that blockchain payments will enable greater financial control and remittance efficiency in an interview with CNBC, particularly through the expansion of the Bakong payment system. In 2025 alone, The National Bank of Cambodia recently published its annual report..