Bitcoin and other cryptocurrencies are gaining interest in Cambodia, but the regulatory environment remains cautious. The National Bank of Cambodia (NBC) and other regulators have imposed strict rules: any crypto trading or payment services must be licensed, and unlicensed activities are deemed illegal . Despite these restrictions, Cambodian individuals and businesses can still access Bitcoin through a few regulated local options and popular international platforms. Below, we outline the most regulated, safe, and legal methods to buy Bitcoin in Cambodia – highlighting local platforms, international exchanges (with any Khmer language support), peer-to-peer marketplaces, and the legal requirements and guidance from authorities. The focus is on safety, compliance, and user accessibility.
Local Cambodian Platforms for Buying Bitcoin
Royal Group Exchange (RGX) trading interface on a laptop. RGX is Cambodia’s first licensed digital asset exchange, operating under the Securities and Exchange Regulator of Cambodia’s sandbox.
Royal Group Exchange (RGX): The first and only licensed crypto exchange in Cambodia (as of early 2024) is RGX, launched by the local conglomerate Royal Group. RGX was approved under SERC’s FinTech Regulatory Sandbox program and began operating in January 2024 . It offers over 100 digital assets (including Bitcoin and Ethereum) for spot and futures trading . Notably, RGX is fully regulated and backed by Cambodian authorities: it received SERC’s license to operate in the sandbox, meaning it adheres to local compliance and investor protection standards . Users must complete KYC verification with a government ID and facial recognition (registration takes about two days) , ensuring compliance with anti-money-laundering rules. The platform emphasizes security – user funds are protected with measures similar to Binance’s SAFU fund, and RGX partners with Chainalysis for blockchain monitoring . The exchange’s website and app are available in Khmer and English , making it accessible to local users.
Limitations: Currently, RGX operates without direct banking integration – it is not linked to local banks or NBC’s systems . This means users cannot yet deposit or withdraw Cambodian riel (KHR) or USD fiat directly through RGX. Trading on RGX presently requires using crypto assets (e.g. stablecoins) to fund accounts, since NBC until recently banned banks from connecting to crypto exchanges . RGX has stated plans to work with regulators and banks to enable fiat on-ramps in the future . Until such fiat channels open, a Cambodian user might acquire Bitcoin on RGX by depositing a cryptocurrency (like USDT) that they obtained elsewhere, then trading it for BTC on the platform. Despite this hurdle, RGX represents the safest and most legal avenue for crypto trading in Cambodia because it is officially sanctioned. Individuals and businesses using RGX are dealing with a regulated entity, which reduces legal risk and provides better consumer protection (local data storage, customer support, and recourse under Cambodian law) .
Other Local Services: As of 2025, RGX is the pioneer. A second local exchange platform is reportedly in the SERC sandbox as well , but details are sparse – it may be an upcoming security token exchange (e.g. a project by “KS Green” or Cambo Trust Plc mentioned in MoUs) . No fully licensed Cambodian-owned broker or bank offers direct Bitcoin sales to the public yet (banks are still awaiting clear licensing rules from NBC – see Regulatory section). Bitcoin ATMs are virtually non-existent in Cambodia (none are officially known), so face-to-face OTC trades or unregistered local dealers would fall outside legal bounds and are not recommended. For now, RGX stands as the main compliant option for Cambodians seeking to invest in crypto within a regulated framework.
International Exchanges Accepting Cambodian Users
Most Cambodian crypto investors rely on global cryptocurrency exchanges. These platforms are not licensed locally, but they offer a wide range of services and are accessible online (some require VPN or mobile apps due to recent website blocks – see Regulation section). If choosing an international exchange, users should prioritize well-established, secure exchanges that accept Cambodian residents and support convenient payment methods. A few leading examples include:
Bybit: A popular exchange that accepts Cambodian users and even caters to them with free KHR deposit methods. Bybit supports Khmer riel via peer-to-peer (P2P) payments – Cambodian traders can buy crypto through local bank transfers (ABA Bank, ACLEDA), mobile wallets (Wing Money, TrueMoney), KHQR QR-code payments, or even credit/debit cards . This diverse fiat on-ramp (enabled by Bybit’s P2P marketplace) makes it very accessible. Bybit offers 1,800+ cryptocurrencies and charges 0.1% spot trading fees . Its interface is multilingual (English, Chinese, etc.), though Khmer language may only be available in community resources rather than the trading UI. Bybit is considered reputable and publishes proof-of-reserves for transparency . Important: Bybit is not licensed in Cambodia, but it is licensed in other jurisdictions; it is accessible globally including from Cambodia . Users should use Bybit’s P2P with caution (ensure you follow all KYC and escrow steps) but it is regarded as one of the top international platforms for Cambodians .
Binance: The world’s largest crypto exchange, Binance is widely used in Cambodia – reportedly over 200,000 Cambodians had Binance accounts by 2023 . Binance offers 350+ cryptocurrencies and advanced products (spot, futures, staking, etc.) . It has a peer-to-peer section (Binance P2P) where users can buy BTC with KHR by matching with other buyers/sellers (more on P2P below). Khmer language support: Binance’s interface was historically English-only, which posed difficulties for some local users . However, Binance has made efforts to engage the Cambodian community – for example, Binance ran Khmer-language webinars/live streams and some parts of its ecosystem (like Academy content or customer support chats) have Khmer support . The Datawallet report in 2025 even noted Binance’s “Khmer language support” as a selling point , suggesting improvements in accessibility. Still, Binance is not licensed in Cambodia . In late 2024, Cambodian regulators moved to block Binance’s website (along with other unlicensed exchanges) at the ISP level . Many users continue accessing it via the mobile app or VPN. Binance remains attractive for its high liquidity and low fees (0.1%), but legally it operates in a grey area. There is no local consumer protection if something goes wrong on Binance, so users assume the risk.
OKX: Another major global exchange, known for a wide range of trading features and a built-in Web3 wallet. OKX is accessible from Cambodia and offers 350+ coins with slightly lower trading fees (~0.08%) . It doesn’t support direct KHR bank transfers; funding is via credit/debit card purchases or using its P2P market (where one could find sellers accepting local payments). OKX’s interface is in English (no Khmer). Like Binance, OKX was among the exchange websites blocked by authorities in 2024 for being unlicensed. It has no license in Cambodia . Nonetheless, its strong security and features make it popular among experienced traders who can navigate the access issues.
Other Exchanges: Kraken, Coinbase, Huobi, KuCoin, Bitget, Gate.io, and others are technically available to Cambodian residents (some even ranked in “best for Cambodia” lists ). However, many of these have limitations: for example, Coinbase and Kraken focus on U.S./EU markets and do not provide KHR on-ramps, and they were included in the list of blocked sites. Bitget and Gate.io accept users worldwide and offer card purchases, but no local language or bank support . MEXC, BloFin and other newer platforms are also used by some Cambodians; BloFin notably has a no-KYC model (for those prioritizing privacy) . Important: any international exchange is not under Cambodian jurisdiction, meaning they operate without local authorization. From a legal perspective, using them is technically not compliant with Cambodian regulations (until they obtain a SERC/NBC license, which none have so far). If you choose to use these platforms, ensure you complete their KYC process (most require a passport/ID upload for full functionality) and be aware that you are trading at your own risk in the eyes of Cambodian law.
Summary of Exchange Options: The table below compares key platforms:
Exchange Platform
Local License
Khmer Support
KHR Deposit Methods
Notes (Safety & Features)
RGX (Royal Group)
Yes – SERC Sandbox
Yes (Khmer & Eng)
Fiat: Not yet (crypto-in only); planned .
Fully regulated and secure; KYC required; user funds protected by local oversight . Best legal option, but must acquire crypto elsewhere to fund initially.
Bybit
No (Global only)
UI in English (multilingual support; Khmer community)
P2P via ABA, ACLEDA, Wing, TrueMoney, KHQR; also cards .
Major global exchange with low fees and 1800+ coins. Allows local bank/wallet trades via escrow. Requires KYC for large trades. Widely used, but unlicensed in KH.
Binance
No (Blocked in KH)
Partial (Khmer community content)
P2P market (bank transfers); direct card payments .
World’s largest exchange, very liquid. Offers P2P for KHR. Site blocked (use app/VPN). Not regulated locally – use at own risk; beware of scams on P2P.
Other Global (OKX, etc)
No
No (English/Chinese etc)
Cards, or P2P with bank transfer (if available).
High-end trading features (futures, DeFi). Also blocked in crackdowns. Ensure platform reputation is strong. No local legal recourse if issues arise.
Peer-to-peer (P2P) marketplaces allow individuals to buy/sell Bitcoin directly with each other, usually with the platform as an escrow to hold the crypto until payment is confirmed. P2P trading is popular in Cambodia as a workaround to the banking restrictions – buyers can pay in Khmer riel via bank transfer or e-wallet to a seller, and receive Bitcoin in return. However, P2P carries unique risks and legal considerations for Cambodians.
Binance P2P: The most-used P2P avenue is through Binance’s integrated P2P platform. As noted, many Cambodians skirt regulations by using Binance P2P – it allows users to post buy/sell offers and transact in KHR outside of formal banking channels . For example, you can find a seller on Binance P2P who accepts ABA bank transfer: you send KHR to their account, and Binance releases the BTC from escrow to your wallet. This method has become the primary on/off-ramp for crypto in Cambodia given NBC’s ban on direct bank-to-exchange transfers . Safety: Binance P2P provides an escrow and rating system, which reduces counterparty risk, but it is not foolproof. There have been scam incidents – e.g. fraudsters using fake payment confirmations or requiring outside-escrow communication. Binance P2P itself is unregulated in Cambodia (and, as mentioned, access to Binance is officially blocked now), so any issues (like not receiving funds) cannot be reported to a local authority. Moreover, Binance’s customer support is in English, and Khmer-language assistance is lacking , which can make dispute resolution harder for non-English speakers. Despite these issues, Binance P2P remains widely used due to convenience.
Paxful: Paxful is a global P2P Bitcoin marketplace that was once very popular for emerging markets. It connects buyers and sellers and supports hundreds of payment methods (cash deposits, gift cards, bank transfers, etc.). Paxful had temporarily shut down in 2023 but has since resumed operations. In Cambodia, one could use Paxful to find offers for BTC against, say, PayPal or bank transfers. However, Paxful is not specifically regulated in Cambodia, and like other unlicensed platforms, its website may be subject to blocking. If using Paxful, one must rely on the platform’s escrow and reputation system. Always deal with high-rating traders and release funds only after confirming payment. Given the general warning that buying or selling crypto without a license is illegal , Paxful trades are technically not legal in Cambodia (even though enforcement at the individual level has been minimal, the risk exists).
Remitano: Remitano is another P2P exchange that has serviced users in Southeast Asia. It even offers a Khmer language interface and lists Cambodian banks (ABA, ACLEDA) for trades. Remitano acts similarly to Paxful, providing escrow for Bitcoin trades. Users in Cambodia have used Remitano to buy BTC via bank transfer in USD or KHR. Notably, Remitano at one point indicated that its “Remitano Payment Service” was not available in certain countries including Cambodia , possibly due to regulatory concerns. This underscores that even P2P platforms may limit service in Cambodia because of the unclear legal status. If Remitano is accessible, it offers a user-friendly experience (and Khmer language support for the interface), but again, no local authorization or protection exists.
LocalBitcoins (defunct): In the past, LocalBitcoins was used for in-person or bank transfer BTC trades in Cambodia. However, LocalBitcoins shut down its service in 2023, so it is no longer an option.
Legal Status and Safety: The Cambodian government views all unlicensed crypto trading as illegal, which includes peer-to-peer transactions . There is no explicit exemption for person-to-person sales of Bitcoin. Thus, using platforms like Binance P2P or Paxful, a Cambodian is technically breaking the regulation, even though many do so privately. The safety of P2P largely depends on user vigilance: always use the platform’s official escrow (never send money outside the platform’s process), check the reputation of counterparties, and be wary of deals that seem too good (e.g., significantly below market price offers – they could be scams). Additionally, since late 2024 the Telecom Regulator (TRC) has been blocking many crypto platform websites . While Binance’s app still works and VPNs can bypass blocks, there is a risk that authorities could increase scrutiny on P2P transactions (for instance, monitoring unusual bank transfers). So, proceed with caution: P2P can be a practical way to get Bitcoin into your wallet (especially to then fund a regulated exchange like RGX or to hold in a private wallet), but it carries both fraud risk and legal risk. Whenever possible, using the emerging regulated channels is safer for the long term.
Legal and Regulatory Requirements in Cambodia
Cryptocurrency regulations in Cambodia are evolving, but the theme is strict control and licensing. Both individuals and businesses must be aware of the current legal framework to ensure they remain compliant.
General Legality: In 2018, the NBC, Securities and Exchange Commission of Cambodia (now SERC), and National Police issued a joint statement declaring that activities involving cryptocurrencies (propagation, buying, selling, trading, settlement) are illegal without a proper license . This effectively meant that until licenses were available, using or dealing in crypto was broadly prohibited. The statement warned the public of risks (high volatility, hacking, lack of consumer protection, and use in money laundering) . No distinction was made between individuals and businesses – any person or entity violating the rules could be penalized under applicable laws . In line with this stance, the NBC in 2020 and 2021 repeatedly ordered banks and microfinance institutions not to allow crypto-related transactions. A 2021 NBC Prakas (regulation) explicitly banned financial institutions from facilitating cryptocurrency exchange; as a result, one could not use a Cambodian bank account or credit card directly to buy crypto, nor cash out crypto proceeds into a local bank . These measures pushed crypto trading into unofficial channels for several years.
Recent Regulatory Developments: In late 2022 and 2023, authorities signaled a shift towards a regulated crypto framework. SERC introduced a FinTech Sandbox in 2022, allowing pilot projects like RGX to operate under supervision . More significantly, on 26 December 2024 the NBC issued Prakas B7-024-735 on Cryptoasset Transactions, the country’s first comprehensive crypto regulation . This new rule formally legalizes certain crypto activities under license. Key points from this regulation:
Licensed Service Providers: The Prakas defines “Cryptoasset Service Providers” (CASPs) as any entities offering exchange, transfer, or custody of cryptoassets on behalf of customers . CASPs must obtain a license from the NBC and meet strict conditions . This opens the door for exchanges, brokers, or even fintech firms in Cambodia to operate legally, provided they secure a license. Until now, only SERC’s sandbox participants (e.g. RGX) had a form of interim approval; moving forward, a full licensing regime is being established.
Banks and Payment Institutions: The Prakas allows commercial banks and payment service institutions to engage with cryptoassets, but with limitations . Banks must get prior approval from NBC and are restricted to certain types of cryptoassets. The NBC classifies cryptoassets into Group 1 (those backed by real assets or fiat, like stablecoins or tokenized securities) and Group 2 (unbacked cryptocurrencies like Bitcoin) . Banks can have exposure to Group 1 (with caps – e.g. stablecoin holdings can’t exceed 3% of their Tier 1 capital) , but are not allowed to deal in Group 2 for their own accounts . In other words, a Cambodian bank could potentially issue or use a stablecoin or security token in future, but cannot directly hold or sell Bitcoin at this stage. Banks and payment companies will eventually be able to offer services like converting crypto to fiat, transferring crypto for customers, or custody of crypto, but only for approved asset types and once they have a license and meet further guidelines (NBC is to issue additional regulations detailing licensing procedures) . This regulation is very new – as of mid-2025, we are likely in the implementation phase. It means that in the near future, we might see licensed Cambodian CASPs that can legally exchange crypto for riel (for instance, a fintech app or even a bank subsidiary that lets users buy Bitcoin in a compliant way). Until those appear, the 2024 Prakas mainly legitimizes the sandbox efforts and shows the direction of policy.
SERC vs NBC oversight: There are two regulators involved – NBC (central bank) supervises anything involving fiat currency, payments, and banking; SERC oversees securities and investments. RGX, being under SERC’s sandbox, is treated as a trading platform (not touching fiat). If a company wanted to launch a crypto exchange that deals with riel or USD, they’d likely need NBC’s CASP license (and possibly SERC’s, if any token is deemed a security). It’s worth noting that currently only two companies have SERC sandbox authorization for digital asset trading , and they are not allowed to handle riel or other fiat . This explains why RGX cannot yet connect to bank deposits . The government is proceeding carefully: first allowing crypto trading in a controlled sandbox (crypto-to-crypto only), and only now (2024–25) developing the mechanism for fiat integration.
For Individuals: Holding or investing in Bitcoin as a Cambodian individual exists in a legal grey area, but enforcement has targeted operators rather than small investors. There is no law forbidding mere possession of crypto. The main restriction is on trading, transacting, or promoting crypto without a license. Practically, if an individual buys Bitcoin through an unlicensed platform, they are violating the 2018 directive – but the authorities have so far focused on blocking platforms and warning the public, rather than arresting individuals for owning crypto. Using Bitcoin as currency (for payments) is clearly illegal under the 2018 ban (it forbids “settlement” of cryptocurrency) . So a Cambodian business cannot legally accept Bitcoin for a product or service at this time. Individuals similarly should not attempt to use Bitcoin to pay others in Cambodia – aside from legal issues, it would not be recognized as a valid payment if any dispute arose. The government’s stance is that the only legal digital payment is via Bakong, the central bank digital currency/payment app (which is a blockchain-based riel system, but not a cryptocurrency) . Indeed, Cambodia is trying to reduce reliance on USD by promoting Bakong and the riel , so they discourage alternative currencies like Bitcoin in the payment system.
For Businesses: Any business involved in crypto (exchange, trading service, ICO/STO, etc.) must obtain the relevant licenses. As of 2025, that means possibly entering SERC’s sandbox or applying for a CASP license from NBC (once available). Operating an exchange or crypto service without approval can lead to severe penalties. Businesses not in the crypto industry but looking to hold Bitcoin in their treasury or as an investment face uncertainty – there’s no explicit prohibition on a company holding crypto assets, but there is also no legal framework recognizing it. A company would have to declare such holdings in financial statements at its own risk. They would also need to consider tax implications (Cambodia does not yet have specific crypto accounting rules). Until clearer guidelines are issued, businesses are generally avoiding transacting in crypto. One exception is blockchain or crypto-related startups that have engaged with regulators to be in the sandbox or consultation (like some local firms working on tokenization of assets in coordination with SERC). For a normal business (say an online retailer), it’s safer not to accept or use Bitcoin until laws explicitly allow it.
Taxation: Cambodia is beginning to treat crypto-related profits under existing tax laws. While there is no dedicated crypto tax law yet, capital gains and income taxes apply. Profits from selling Bitcoin (capital gains) would be subject to the standard 20% capital gains tax . If an individual or business frequently trades crypto, those earnings could be considered ordinary income (also taxed up to 20%). Mining or staking income is likewise taxable as income . The General Department of Taxation expects crypto earnings to be reported in annual tax filings . In practice, given the quasi-illegal status of most crypto trading until now, compliance has been low; but with regulation on the way, authorities will likely enforce tax reporting more strictly. Bottom line: if you realize significant gains from Bitcoin, you are technically required to declare them and pay tax. Businesses engaging in crypto should keep clear records to report any taxable events. Failing to do so could result in penalties once the tax authorities catch up.
Government Warnings and Guidance: The Cambodian government has consistently issued warnings to the public about cryptocurrency risks. Besides the 2018 joint statement, there have been press releases and notices reminding people that crypto investments are unprotected. For example, in 2019 and 2020 the NBC put out reminders that people who invest in cryptocurrencies do so at their own peril because crypto is not legal tender nor regulated. In late 2022, after partnering with Binance for regulatory advice, SERC officials still cautioned that until a framework is in place, citizens should be careful. By late 2024, the tone turned more forceful: the Telecommunications Regulator (with direction from the government) blocked 16 major crypto exchange websites (including Binance, Coinbase, and OKX) for operating “without proper licenses and authorisations” . SERC’s Director General, in the launch of RGX, emphasized that the sandbox launch is to promote innovation while protecting investors and that unlicensed operations won’t be tolerated . The crackdown on websites was accompanied by rhetoric about protecting the public from scams – Cambodia has sadly been a hotspot for crypto-related scams and even forced scam operations. In fact, high-profile incidents (like the online scam syndicates in Sihanoukville using crypto, which led to U.S. sanctions on a Cambodian tycoon ) have motivated regulators to be very strict. The message from authorities is clear: only engage in crypto via approved, regulated avenues. They encourage people to wait for licensed services (like RGX or future bank-offered products) and to avoid Ponzi schemes or shady crypto projects that have popped up (e.g. local scam coins were explicitly named in the 2018 warning). The NBC has also expressed that it sees more benefit in promoting its own digital currency (Bakong) for financial inclusion, rather than wild-west crypto, which it links to speculation and illicit finance .
Compliance Steps for Users: If you are a Cambodian individual or business interested in Bitcoin, here are some practical steps to stay on the safe side:
Use Licensed Platforms When Possible: Opt for the regulated local option (RGX) for trading and education. As more licensed exchanges or bank-backed services become available, favor those. This ensures you are operating legally and have some protection. If you do use international platforms, understand that you are doing so at your own risk – and the government could restrict access or penalize unlicensed usage in the future.
Complete KYC and Keep Records: Whichever platform you use, go through the Know-Your-Customer verification. For RGX it’s mandatory (government ID, etc.), and for international exchanges it’s strongly recommended (unverified accounts may be against exchange policy and could be frozen). Keep transaction records of your crypto purchases/sales. This will help in any compliance queries and for your own tax reporting. Regulators require CASPs to enforce KYC and record-keeping, so aligning with that practice is wise even as an individual.
Follow Official Guidance: Stay updated on announcements from NBC and SERC. For example, if NBC publishes a list of approved cryptocurrencies or issues further Prakas detailing licensing, that could affect what you’re allowed to do. SERC may also release guidelines for security tokens or ICOs if you are a business considering those. Heed any official warnings – e.g., if authorities warn about a specific scam or unlicensed operator, avoid it. When in doubt, consult legal counsel in Cambodia (there are law firms now covering crypto regulations) to ensure your activities (especially for businesses) are compliant.
Tax Compliance: Be prepared to declare your crypto income. This includes capital gains if you sell Bitcoin at a profit, or any revenue if your business is involved in crypto. The tax rate on gains is generally 20% . No specific crypto tax form exists yet, but include it under capital gains or business income as applicable. Keeping records of your purchase cost (in USD or KHR) and sale proceeds will be important. Paying taxes not only keeps you compliant but also helps legitimize your activities if ever questioned by authorities.
Security and Best Practices: Beyond legality, ensure you use best security practices – use reputable wallets (many Cambodian users prefer non-custodial wallets like Trust Wallet or hardware wallets for long-term holding), enable 2FA on exchanges, and beware of phishing or fraud. The government’s concern means local law enforcement might not help if you lose funds to hacks or scams, so personal vigilance is key.
Conclusion
In summary, acquiring Bitcoin in Cambodia requires navigating a tightly regulated space. Local options like the RGX exchange offer the most legally secure and regulated route , though they are still in early stages and may require indirect funding methods. International exchanges (Bybit, Binance, etc.) provide greater functionality and are widely used by Cambodians, but come with legal uncertainties and have recently been subjected to access blocks . Peer-to-peer platforms, such as Binance P2P and Paxful, remain a critical on-ramp for converting riel to Bitcoin, yet users must exercise extreme caution due to scam risks and the fact that these transactions are not officially sanctioned .
The legal landscape in Cambodia is evolving: the government has moved from an outright ban on unlicensed crypto activities to developing a framework for licensed, safe participation in the digital asset market . Individuals and businesses interested in Bitcoin should keep abreast of the latest regulations – including the requirement for CASP licenses and the limitations on using crypto as payment – to remain compliant. Crucially, they should prioritize safety and compliance: use platforms that implement strong security and KYC, adhere to any government guidance or warnings, and ensure all crypto dealings are transparent and accountable (for instance, paying taxes on gains and avoiding any association with illicit uses of crypto). By following these principles, Cambodian users can explore Bitcoin in a manner that is as secure and legal as possible, positioning themselves for a future where cryptocurrency might become a fully regulated part of the financial system.
Sources:
National Bank of Cambodia & SERC Joint Statement (2018) – Crypto activities illegal without license ; warnings on risks .
Yuanta Securities Cambodia – Crypto Exchange Outlook (2023/24) – NBC 2021 ban on bank-crypto links; Binance P2P usage in Cambodia .
B2B Cambodia News – Launch of Royal Group’s RGX Exchange (Jan 2024) – RGX licensed under sandbox, features 100+ cryptos (BTC, ETH), Khmer-language site .
B2B Cambodia – RGX safeguards (SAFU fund, Chainalysis AML), KYC in 2 days, plans for fiat integration .
Datawallet (Tony Kreng) – Best Crypto Exchanges in Cambodia 2025 – Bybit supports local banks (ABA, ACLEDA), Wing, etc. ; Binance global use and lack of local license ; regulatory update on NBC Prakas Dec 2024 (CASP framework) ; crypto taxation 20% .
Cryptorobotics News – Cambodia Blocks Major Crypto Exchanges (Dec 2024) – Blocking of 16 sites including Binance/Coinbase for unlicensed operations ; only two local firms licensed (no fiat allowed) .
Kapronasia – Why is Cambodia cracking down on crypto? (Dec 2024) – Reinforces two licensed firms only, no fiat dealings ; concern over crypto scams and FATF compliance ; focus on state digital currency (Bakong) over crypto for payments .
Cryptoforinnovation.org – Cambodia’s Crypto Interest and Policy Changes (2025) – NBC digital asset rules (Group1 vs Group2 assets) ; Nov 2024 TRC exchange ban to push use of local platforms ; NBC allowing licensed banks to convert crypto (except unbacked tokens like BTC) .
DFDL Legal Update (Jan 2025) – NBC Prakas B7-024-735 summary: banks/payment institutions can service crypto with prior NBC approval; CASP license for others ; definition of cryptoassets and restrictions (Group 1 vs Group 2) .