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Conducting cryptocurrency-related activities in Cambodia is still illegal


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The Cambodian government has not greenlighted the issuing or use of any cryptocurrency in the country, a report has said. The report, which cites a document recently released by the Ministry of Finance and Economics, said it is still illegal to create, distribute, or trade cryptocurrencies in Cambodia.

 

According to a China News Service report, while the ministry does concede that the fintech industry is growing rapidly, it nonetheless reiterated that the long-standing ban on crypto trading remains in force. As previously reported by Bitcoin.com News, Cambodian authorities announced in 2018 that the circulation or trading of cryptocurrencies without a license was illegal.

 

At the time, authorities warned that crypto activities had the potential to cause risks to the public and society.

 

read more https://www.khmertimeskh.com/501065952/conducting-cryptocurrency-related-activities-in-cambodia-is-still-illegal/

 

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