While the finance ministry of Cambodia recognizes the sheer size the fintech industry has grown to over the past few years, the legislation against crypto trading remains the same.
In May 2018, Cambodia announced a ban on crypto trading within the country’s borders. At the time, the authorities were aware of the lack of consumer protection and cybercrime associated with digital asset trading at the time which made the legislation a logical solution to the problem.
As of now, the National Bank of Cambodia, the Securities Commission, and the National Police Agency, with allegiance to the finance ministry, reiterated that no digital asset trading business had been issued a license.
