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Why Cambodia is eager to launch its own DLT-based digital currency — or whatever you want to call it

Quick Take

  • Cambodia’s central bank plans to go live this year with a new digital currency system
  • The system was built using Hyperledger Iroha
  • If it works, the new system is poised to wean the country’s economy off of its heavy dependence on the U.S. dollar
Cambodia's central bank is set to go live with a new digital currency system — dubbed Project Bakong — built using Hyperledger Iroha.

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