Cambodia Blocks Major Crypto Exchanges Amid Growing Regulatory Pressure

Cambodian authorities have blocked access to 16 major crypto exchanges, including Binance, Coinbase, and OKX, due to their lack of licensing from the Securities and Exchange Regulator of Cambodia (SERC).

This move also included the blocking of 102 domains, mostly targeting online gambling sites, although mobile apps remain accessible. Binance, which has a notable presence in Cambodia, acknowledged the issue and is closely monitoring the situation.

Despite these actions, Cambodia remains a significant player in the global crypto market, ranking in the top 20 for retail crypto adoption.

Centralized exchanges handle 70% of the country’s crypto transactions. However, only two companies have received licenses under SERC’s FinTech Regulatory Sandbox, limiting trading options.

READ MORE:

Solana Faces Bearish Signals but Whale Activity Hints at Recovery

The crackdown comes amid growing concerns over illegal crypto activities, including money laundering and dark-web transactions.

Recent reports highlight over $49 billion in suspicious crypto transactions tied to criminal organizations. While regulatory measures increase, experts suggest they may not fully address the strong demand for crypto in the country.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.