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Cambodia Central Bank has approved Compliance stablecoin services, but still prohibits BTC
【Cambodia's Central Bank approves Compliance stablecoin services, but BTC is still prohibited】On December 27, according to the Phnom Penh Post, the National Bank of Cambodia (NBC) announced that it will allow commercial banks and payment institutions to provide services related to stablecoins and asset-backed cryptocurrencies, but unsupported assets such as BTC are still prohibited. The new regulations require institutions to obtain approval before conducting encryption asset exchange, transfer, and custody services, while prohibiting the use of customer assets. Previously, Cambodia blocked 16 unlicensed encryption trading websites to strengthen the supervision of the digital asset market.