Govt officials deny rumors of national cryptocurrency

Government officials have denied rumors that Cambodia would be issuing its own national cryptocurrency, despite international media coverage and a high-profile government official’s plan to attend an event organized by the company responsible for the claims. A firm called Entapay issued a press release on March 2 announcing the Asean Blockchain Summit would be held at the Sokha Hotel in Phnom Penh tomorrow, and that deputy prime minster Men Sam An as the event’s keynote speaker. However, representatives from the National Bank of Cambodia, and Securities and Exchange Commission in Cambodia denied those claims, saying that the government was not involved in the summit or with Entapay, and that there were no plans to develop a national cryptocurrency. (Source: Phnom Penh Post)