Cambodia allows banks, payment service institutions to handle cryptoasset

PHNOM PENH, Dec. 27 (Xinhua) -- Cambodia's central bank has given the green light to commercial banks and payment service institutions to carry out activities related to cryptoassets.

Signed by National Bank of Cambodia (NBC) Governor Chea Serey on Thursday and publicized on Friday, the Prakas, or edict, said the cryptoasset service providers must obtain prior approval from the NBC.

It added that the NBC