Quanterium

[...] On June 30, 2022, with permission by H.E. Dr. Aun Pornmoniroth, Deputy Prime Minister, Minister of Economy and Finance and Chairman of Non-Banking Financial Services Authority, H.E. Sou Socheat, Delegate of Royal Government in Charge as Director General of SERC, signed a Memorandum of Understanding (MOU) with Binance Capital Management Co., Ltd. (Binance). This MOU is designed to contribute to the development of the securities sector in Cambodia by which Binance will share with the SERC an advice, knowledge, experience and technical skills, including processes and system of digital asset trading and securing the digital assets for developing the legal framework for regulating and developing the digital asset business, as well as cooperating with SERC to share technological knowledge related to digital asset operations, conduct dissemination and training on risk management from the digital asset sector to investors in the securities sector in Cambodia.
On the occasion of this MOU signing ceremony, SERC and Binance made presentations on the topics such as, the FinTech Regulatory Sandbox in the Securities Sector, the Growth of Blockchain and Digital Asset in Southeast Asia, the Use of Blockchain and Digital Asset Technology in Government Services, Regulating the Digital Asset Industry, Policy Strategies and Use Cases, and Blockchain and Digital Asset Education and Charity.
Meanwhile, SERC has not issued any digital asset license yet as SERC has to develop regulations and related work for regulating this sector. Therefore, at present no company in the Kingdom of Cambodia can conduct digital asset business in accordance with the laws and regulations.
Source: Security Exchange Regulator of Cambodia, 2022

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