Published on April 21st, 2017 | by bitcoin0
Deal to Develop Blockchain Tech Has Been Signed by The Central Bank in Cambodia
The National Bank of Cambodia has reportedly inked an agreement with distributed ledger tech startup Soramitsu that will find the central bank contributing to its development projects.
Announced today, the goal of the effort is to begin joint work on new payment infrastructure prototypes using DLT systems.
But while a host of central banks are studying the technology globally, Soramitsu co-CEO Makoto Takemiya framed the news as unique in that he asserted the central bank has agreed to go beyond “just studying” applications.
As reported by the Phnom Penh Post in 2014, National Bank of Cambodia had previously said bitcoin does not fall under its definition of a currency.
Meanwhile, the trial comes amid an active time for central bank exploration of the technology, with Bank of England, De Nederlandsche Bank and the People’s Bank of China all announcing recent initiatives aimed at investigating its potential.