Cambodia allows banks to handle stablecoins and backed cryptos
Central financial institution units up authorized framework to control cryptocurrency actions
The Nationwide Financial institution of Cambodia (NBC) has launched a regulatory framework for crypto property, which permits industrial banks and fee service corporations to offer restricted crypto asset providers involving backed cryptocurrencies and stablecoins.
The brand new regulatory framework is aimed toward managing the transactions and enterprise actions associated to crypto property, in keeping with a directive signed by NBC governor Chea Serey on December 26.
The NBC classifies crypto property into two classes. Group 1
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