On 26 December 2024, the National Bank of Cambodia (NBC) issued a Prakas No. B7-024-735 Prokor on Transaction Related to Cryptoassets (“Prakas”). This Prakas is the country’s groundbreaking regulation, which has the purpose of managing the transactions and business activities related to cryptoassets with respect to the Law on Banking and Financial Institutions.
It is applicable to all commercial banks and payment service institutions under the authorised supervision of the NBC that intend to have cryptoasset exposure and/or to provide cryptoasset service as cryptoasset service providers (“CASPs”). Any other legal entities intending to provide CASPs’ services are also included.
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Mr. HOUN Vannak
Managing Partner
RHTLaw Cambodia
M +(855) 12 737 123
T +(855) 23 886 616
E vannak.houn@rhtlawcambodia.com
Mr. SAT Sokvisal
Senior Associate
RHTLaw Cambodia
M +(855) 60 333 161
T +(855) 23 886 616
E sat.sokvisal@rhtlawcambodia.com