But unbacked cryptoassets are not allowed.
Cambodia has officially embraced cryptoassets, allowing commercial banks and payment services to obtain authorization to become cryptoasset service providers (CASPs).
However, algorithm-based and unbacked cryptoassets and stablecoins are still not allowed.
Under a prakas— or an official proclamation— the National Bank of Cambodia (NBC) outlined new rules of cryptoasset transactions, including classifying cryptoassets into two groups.
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