Regulator: National Bank of Cambodia (NBC), Securities and Exchange Regulator of Cambodia (SERC)
Effective December 2024, the NBC issued "Prakas B7-024-735", allowing regulated banks and payment institutions to handle stablecoins and other tokenized assets (classified as "Group 1," including Group 1b for stablecoins), with strict exposure limits (3% of CET1 capital) and prior approval requirements. Meanwhile, unbacked cryptocurrencies ("Group 2") remain blocked. This framework dovetails with efforts to promote the national system Bakong, a blockchain-based payment platform, and strengthen riel usage.
