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South East Asia’s Chase For Its First CBDC

24 Jun 2020 — Looks like Cambodia is currently at pole position for the CBDC race in S.E.A. From The Asset https://lnkd.in/gXb63JT, the National Bank of Cambodia is among three central banks leading the world in retail CBDC development, according to a new book by the Asian Development Bank Institute (ADBI) in Tokyo.

#Cambodia – #ProjectBakong
A report on CBDC by the World Economic Forum singled out the National Bank of Cambodia as one of the first countries to use #blockchain technology in its national payments systems for use by consumers and commercial banks. https://lnkd.in/g89y-aY

#Singapore – #ProjectUbin
At Phase 5, the project sought to determine the commercial viability and value of the blockchain-based payments network, and is currently undergoing industry testing to determine its ability to integrate with commercial blockchain applications. https://lnkd.in/gKWBPy2

#Thailand – #ProjectInthanon
SCG has announced that it has signed an MoU with the Bank of Thailand and Digital Ventures Co., Ltd. to develop a prototype system of CBDC to enhance the efficiency of purchasing and payment management in the business sector. https://lnkd.in/gwG6wmZ

Take the poll and find out the general consensus now!
#propine #digitalassets


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