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HONG KONG: South Asian countries such as Singapore and Cambodia are exploring the launch of central bank digital currencies (CBDCs) to enhance payments efficiency and to encourage start-ups and e-commerce in the region, a panel hosted by the South China Morning Post was told on Thursday.
Cental banks in several South-East Asian countries are exploring the use of digital currencies to enhance payments efficiency and to encourage start-ups and e-commerce in the region, experts said.
South-East Asia a very fertile ground for digital payments innovation, (BIS) Innovation Hub executive says. A lot of room to grow in the Internet economy in South-East Asia, says the National Bank of Cambodia.