Cambodia Adopts Stablecoin Legislation but Bans Bitcoin and Ether
Cambodia has made a significant move towards the cryptocurrency space by allowing commercial banks and payment companies to manage stablecoins. This decision comes from the National Bank of Cambodia (NBC), signaling a new approach to integrating digital currency. However, despite this progress, Bitcoin and Ether continue to face a ban. This contradiction raises questions among investors and market participants regarding the future landscape of cryptocurrency in Cambodia. Understanding these regulations will be vital for businesses operating in the region.
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