Cambodia Approves Regulated Stablecoins, Bans Bitcoin in New Crypto Framework

3 weeks ago 61

Key Takeaways Recently, Cambodia’s central bank has approved regulated stablecoin services for banks and financial institutions while banning unbacked assets like bitcoin (BTC ($103,682.07)). According to local press, the National Bank of Cambodia (NBC) announced the move as part of efforts to modernize payments and strengthen financial oversight. Notably, the framework allows financial institutions to process…

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