<ul><li>The National Bank of Cambodia (NBC) has introduced new regulations governing cryptoasset transactions and activities within the country.</li><li>The regulations classify cryptoassets into two groups: Group 1 includes tokenized traditional assets and stablecoins backed by traditional assets, while Group 2 includes unbacked cryptoassets.</li><li>Commercial banks may engage with Group 1 cryptoassets if authorized by the NBC, with exposure limits of 5% for tokenized traditional assets and 3% for stablecoins.</li><li>Cryptoasset Service Providers (CASPs) must obtain licenses from the NBC and comply with strict regulations, failure to comply may result in fines.</li></ul>

Cambodia Introduces New Regulations on Cryptoasset Use, Licensing

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