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Most Influential 2021: Serey Chea
Project Bakong stands apart from other nation digital currency experiments. Chea brought Cambodia’s moonshot into being.
By CoinDesk
Updated May 11, 2023, 4:31 p.m. Published Dec 9, 2021, 8:25 p.m.
Serey Chea is deputy director general at the National Bank of Cambodia, which is taking a unique approach to a central bank digital currency (CBDC), with its Project Bakong. Chea is adamant that the nation’s digital currency, built on the Hyperledger distributed ledger, isn’t a CBDC, but is working to bring basic financial services to Cambodia, where nearly 80% of the population is unbanked.
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