Cambodia’s digital currency development is the second in the world
In response to the rise of mobile payments and Bitcoin, central banks have begun to consider the possibility of issuing central bank digital currencies (CBDC). In terms of the development of digital currencies by global central banks, Cambodia's digital currency maturity ranks second in the world. Cambodia's CBDC development, second in the world PWC, an internationally renowned accounting firm, released the "Global CBDC Index" report, which pointed out that in the development of retail CBDC, Cambodia ranks second in the world. Bahamas ranks first. Cambodia’s CBDC is called Bakong. Both CBDC have been officially issued. The third-placed China is still in the experimental stage and only tested in a few cities. According to a Bloomberg report, 60 central banks around the world have begun to study CBDC. Central banks of…