Tag: Cambodia

Five individuals have pleaded guilty to their roles in a sprawling $36.9 million cryptocurrency fraud scheme that defrauded U.S. citizens and funneled the stolen funds to a scam hub in Cambodia, according to the U.S. Attorney’s Office for the Central District of California. Source: US Attorney Office The scam involved ...

The National Bank of Cambodia (NBC) has authorized commercial banks and payment service providers (PSPs) to offer limited services involving crypto assets, excluding unbacked cryptocurrencies. The policy update, detailed in a directive issued on December 26, 2024, permits the handling of stablecoins and tokenized traditional assets under strict regulations. According ...