National Bank of Cambodia approves stablecoin and backed crypto services
National Bank of Cambodia issued regulatory directive on December 26, 2024.
- Primary
- National Bank of Cambodia
- Structure
- regulatory directive
- Date
- December 26, 2024
- Sub-sector
- Crypto / Stablecoin
NBC permits commercial banks and payment institutions to offer Category 1 crypto asset services, marking first approval of stablecoin and backed cryptocurrency operations while maintaining Bitcoin ban.
Source: cryptonews.com