Binance, Coinbase access restricted in Cambodia amid tightening crypto regulations

2024-12-3 07:52

Cambodia's crypto restrictions may drive innovation underground, complicating regulatory efforts and potentially increasing illicit activities. The post Binance, Coinbase access restricted in Cambodia amid tightening crypto regulations appeared first on Crypto Briefing.

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Cambodia makes crypto illegal without license

Dealing in cryptocurrencies without obtaining a license from relevant authorities has been declared illegal in Cambodia, according to an official statement published Tuesday, June 19. The authorities specify these risks as including the fact that cryptocurrencies’ issuance is “not backed by collateral,” vulnerability to cybercrime, price volatility, and a lack of investor protection mechanisms that

2018-6-20 23:16