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National Bank of Cambodia Approves Category 1 Stablecoin Services, Prohibits Bitcoin on December 27, 2024

The National Bank of Cambodia (NBC) has approved the use of compliant stablecoin services by commercial banks and payment institutions, while prohibiting unbacked cryptocurrencies such as Bitcoin
By: DeepNewz •
National Bank of Cambodia Approves Category 1 Stablecoin Services, Prohibits Bitcoin on December 27, 2024

The National Bank of Cambodia (NBC) has approved the use of compliant stablecoin services by commercial banks and payment institutions, while prohibiting unbacked cryptocurrencies such as Bitcoin

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