Legal entities operating in the field of financial technologies are currently focused on expanding their business activities through the creation of new commercial structures. The current Cambodian regulatory framework does not contain clear provisions aimed at regulation of cryptocurrencies in Cambodia and allowing to qualify cryptocurrencies as a separate class of financial instruments. There are disagreements between the country's Central Bank (NBC) and the financial markets regulator over which government body should oversee the circulation of virtual currencies, which makes it difficult to create an effective system regulation of the cryptocurrency market in Cambodia.
Albeit, the Central Bank of Cambodia hath sanctioned fiscal establishments and pecuniary institutions to execute dealings employing cryptographic assets of Classification 1, via emendations to pertinent ordinances dated December 27, 2024. This novelty endowed mercantile banks and monetary frameworks with the prerogative to render fiscal amenities through the deployment of fortified and unwavering digital currencies, thereby engendering the underpinnings for amalgamation of virtual assets into the orthodox fiscal system of the nation. Concurrently, the legislator preserved the interdiction on the dissemination of unfortified cryptocurrencies, encompassing, inter alia, Bitcoin.
The promulgation of this statutory edict was impelled by the aspiration to guarantee steadiness and pellucidity within the fiscal agora by delineating unequivocal precepts for cryptocurrency governance in Cambodia and executing dealings with intangible assets, thereby attenuating the perils entwined with their utilization and augmenting the echelon of stakeholder credence.
The National Bank of Cambodia allows banks to process cryptocurrencies for the first time
Cryptocurrencies function as intangible holdings rooted in blockchain architecture, exempt from centralized fiscal oversight frameworks. Their extensive adoption as a substitute mode of remuneration and fiscal vehicle stems from the capacity to execute transnational dealings instantaneously.
Crafted a statutory substratum for the governance of cryptographic undertakings in Cambodia, the National Central Bank sanctioned mercantile depositories and disbursement establishments to transact solely with stablecoins and collateral-anchored digital currencies upon procuration of an accreditation conferred by NBC. Procuring this warrant endows pecuniary institutions with the prerogative to execute barter operations between crypto-assets and fiat denominations reciprocally, orchestrate transnational conveyances of virtual assets, and furnish custodial amenities for their safekeeping. Concurrently, the exploitation of clientele-held crypto-assets for extraneous intents, excluding those unequivocally delineated in the authorization, including the satiation of the financial entity’s proprietary requisites, remains proscribed.
The instatement of the apparatus under scrutiny for the governance of stablecoins in Cambodia can be evaluated as a forward-thinking maneuver by Cambodian incumbents. Although the jurisdiction permits financial institutions to engage with stablecoins and asset-backed digital currencies, the overarching trajectory of state doctrine concerning cryptocurrencies remains imbued with marked ambivalence and regulatory opacity. The vicissitudes of juridical governance over virtual currencies in Cambodia during 2025 underscore augmented sovereign oversight. A case in point is the antecedent decree to proscribe the operations of 16 preeminent global crypto platforms.
Conclusion
Cambodian jurisprudence erstwhile stipulated an unequivocal proscription against dealings involving cryptographic assets, owing to governmental apprehension concerning the pronounced opaqueness inherent in such exchanges, which engenders a propitious milieu for the legitimization (cleansing) of ill-gotten gains from felonious enterprises, alongside facilitating sundry illicit endeavors, encompassing swindling and unsanctioned commerce of merchandise and provisions. In the waning days of December yesteryear, the National Bank of Cambodia sanctioned mercantile banking institutions to undertake transactions with digital currencies.
Dynamics of legal regulation of cryptocurrency transactions in Cambodia characterized by a high degree of variability. Despite the fact that currently the legal environment for carrying out such operations remains uncertain, government authorities consider digital currencies as a promising tool for strengthening the national currency and reducing dependence on external currency factors. New legislative initiatives indicate a potential easing of existing restrictions and the creation of more favorable conditions for the development of the crypto industry.
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Benefits of registering a company in Cambodia 
