Cambodia’s Bakong Blockchain Surges to 330% of GDP in Transactions Cambodia’s national blockchain-based payment system, Bakong, has soared to new heights, with transaction volumes reaching a staggering 330% of the country’s GDP in 2024. Bakong’s transaction volumes hit 330% of Cambodia’s GDP in 2024. Over 30 million wallets and 642,500 accounts registered. 4.5 million merchants […]
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Cambodia’s Crypto Evolution: What It Means for the Future Cambodia’s financial sector is on the brink of a significant shift as the National Bank of Cambodia (NBC) cautiously embraces cryptocurrencies, focusing on stablecoins and asset-backed cryptos while keeping Bitcoin at arm’s length. Cambodia’s cautious crypto adoption Five cryptocurrencies to watch: Aureal One, DexBoss, yPredict, Arkenstone, […]
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Cambodia Crypto Fraud Mastermind Traced to Uttar Pradesh: A Global Web of Cybercrime In a significant breakthrough, Indian authorities arrested Devendra Pratap Mourya, a central figure in a vast cybercrime network operating from Cambodia. This operation has shed light on the sinister side of cryptocurrencies, which, while providing privacy and freedom, are also exploited by […]
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Cambodia’s Cautious Dance with Crypto: Stablecoins Welcome, Bitcoin and Ether Banned Cambodia is cautiously venturing into the realm of cryptocurrency, allowing stablecoins under stringent conditions while maintaining a ban on Bitcoin and Ether. On December 27, 2023, the National Bank of Cambodia (NBC) issued a directive that reflects the country’s wariness about financial crime and […]
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