UTC-05:00,Friday , August 07th 2020

National Bank Of Cambodia Has Released Whitepaper Detailing "Project Bakong"

22:23 Tuesday , June 30th 2020
The National Bank of Cambodia has released a whitepaper detailing the technical details of its digital payments system "Project Bakong."
Project Bakong will be a closed system that will be backed by the nation's banks and financial regulatory authorities. However, unlike more notable CBDCs currently being carried out by other governments, Project Bakong is not a natively digital currency.
The blockchain-based system will be centralized and will also allow P2P transactions.
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