EddieJayonCrypto

 22 Jan 25

tl;dr

The article discusses Cambodia's advancement in blockchain technology and the issuance of new regulations for handling stablecoins and tokenized assets. It also highlights Guangzhou's efforts to boost the adoption of the digital yuan, China's central bank digital currency (CBDC). The National Bank o...

CAMBODIA ADVANCES BLOCKCHAIN FRAMEWORK; GUANGZHOU BOOSTS CBDC ADOPTION

Cambodia quietly advances blockchain framework

The National Bank of Cambodia (NBC) has published a new legal framework, permitting banks and payment service providers to interact with digital assets. These regulations outline how banks can handle stablecoins and tokenized assets, subject to the watchdog's approval. While banks are not allowed to issue digital assets themselves, this move has significantly advanced Cambodia's digital asset sector, aligning with global guidelines and promoting adoption among banks and payment firms. Cambodia's blockchain revolution, marked by the launch of Bakong in 2020, has gained substantial traction, with two in three Cambodians using the blockchain-based payment system by Q4 of last year.

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