Logo of Phnom Penh Post newspaper Phnom Penh Post - Local cryptocurrency group holds first meet

Local cryptocurrency group holds first meet

Participants at the first Khmer Crypto Foundation meeting.
Participants at the first Khmer Crypto Foundation meeting. Seiha Khun

Local cryptocurrency group holds first meet

The Khmer Crypto Foundation, an assortment of over a 100 bitcoin and digital currency investors and enthusiasts, held its first general meeting yesterday with the aim to educate members about how to comply with potential regulations governing the use of blockchain technology, according to a press release yesterday.

In Mean, lead developer of the Khmer Crypto Foundation, was quoted in the release as saying that group hopes to soon submit its own cryptocurrency framework to the National Bank of Cambodia (NBC). Currently, the NBC is working with a Japanese firm to develop a national blockchain-based payment system.

MOST VIEWED

  • Hun Sen rejects ‘rift’ rumours spread by ‘stupid gangsters’

    Prime Minister Hun Sen on Wednesday denied a “rift” among top leaders of the Cambodian People’s Party (CPP), and rejected claims that Senate president Say Chhum and Interior Minister Sar Kheng were set to be removed from their positions as rumours spread by “gangsters”.

  • Huge 3.5-tonne ivory haul seized in capital

    Working with US officials, Phnom Penh Autonomous Port has uncovered almost 3.5 tonnes of elephant ivory hidden in a container, the US Embassy in Cambodia said on Facebook on Saturday. A tip-off provided to the General Department of Customs and Excise by a US Fish and

  • Cambodia’s Miss Universe contestant to return home

    Twenty-three-year-old Rern Sinat from Kampong Cham province, only the second Miss Cambodia to compete in the Miss Universe beauty pageant, is said to be “a little disappointed but in good spirits” after not ranking in the 2018 Miss Universe contest in Bangkok, Thailand. “The weakest part

  • Assembly passes amendment to Political Party Law Article 45

    The National Assembly on Thursday unanimously approved a proposed amendment to Article 45 of the Law on Political Parties in a move that could pave the way for former senior opposition leaders banned for five years to return to the political stage. As expected, the 115 ruling