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Effective URL: https://news.bitcoin.com/cambodia-introduces-crypto-regulation-requiring-licensing-for-digital-asset-activities/
Submission: On December 29 via api from BE — Scanned from US
Effective URL: https://news.bitcoin.com/cambodia-introduces-crypto-regulation-requiring-licensing-for-digital-asset-activities/
Submission: On December 29 via api from BE — Scanned from US
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Needs Real-Time Data for Economic Decision MakingINTERVIEW | 14 hours ago CAMBODIA INTRODUCES CRYPTO REGULATION REQUIRING LICENSING FOR DIGITAL ASSET ACTIVITIES The National Bank of Cambodia (NBC) has issued new regulations on crypto-related activities. The directive, dated Dec. 26, mandates that individuals or entities involved in crypto asset transactions, such as fund mobilization, trading, and settlements, must obtain a license from the relevant authorities. Engaging in these activities without authorization may result in penalties under Cambodia’s legal framework. NBC emphasizes the risks associated with unregulated crypto asset operations and underscores the importance of compliance to safeguard financial stability. The central bank advises the public to refrain from unauthorized crypto dealings and report suspicious activities. This regulation reflects Cambodia’s commitment to increasing oversight and transparency in the digital asset sector. 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