The Nationwide Financial institution of Cambodia (NBC) has issued new laws on crypto-related actions. The directive, dated Dec. 26, mandates that people or entities concerned in crypto asset transactions, reminiscent of fund mobilization, buying and selling, and settlements, should acquire a license from the related authorities. Participating in these actions with out authorization could end in penalties underneath Cambodia’s authorized framework. NBC emphasizes the dangers related to unregulated crypto asset operations and underscores the significance of compliance to safeguard monetary stability. The central financial institution advises the general public to chorus from unauthorized crypto dealings and report suspicious actions. This regulation displays Cambodia’s dedication to growing oversight and transparency within the digital asset sector.
Cambodia Introduces Crypto Regulation Requiring Licensing for Digital Asset Actions
