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Cambodia Unveils a New Bank-Issued Cryptocurrency Called Bakong

Cambodia is another country that is heavily reliant on the U.S. dollar. Tired of its dependence on USD, the country has launched a centralized, bank-issued cryptocurrency, hoping that people will begin to utilize it for payment purposes, and thus far, the results have been rather positive. Cambodia Has Unveiled an Official CBDC As it turns out, El Salvador – which has been in the news quite a bit as of late – is not the only country out there that depends heavily on USD...

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