This article discusses the modernization of the payment systems laws of Cambodia and Sri Lanka. The author notes that these developments are important building blocks in the establishment of a solid legal framework designed to underpin commercial activities and financial transactions

In the early centuries of the Middle Ages, the economy in Europe collapsed and trade was reduced to a trickle. Monetary economy survived only in a rudimentary form; the last Roman banks disappeared in the course of the sixth and seventh centuries, and banking and on-cash monetary payment systems...

Digital cash may be issued privately (so as to be called "virtual currency") or by a central bank. It may be a cryptocurrency, randomised or tethered. Its scheme may be centralized or decentralised and its value may be self-anchored or of a specified fiat currency. By facilitating electronic...

By the middle of the eighth century CE the Arabs established their dominion from the Atlantic Ocean to west of the Persian Gulf. In the process, they spread Islam and established Islamic law as the law of the land throughout this entire vast territory. Until the rise of the Turkish Ottoman...