Binance to assist Cambodia in developing crypto regulations
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Binance has signed a memorandum of understanding (MoU) with the Securities and Exchange Regulator of Cambodia. The partnership could prove pivotal for the South Asian nation where any crypto-linked activity is deemed illegal since 2018. Cambodia is in the top 10 fastest growing countries over the last 10 years and the population of young and tech-savvy is high. With all these advantages, we believe that Cambodia can be a forerunner in the web3 and digital asset industry. It would be an honor to be part of that process," said Leb Kostarev, Binance regional head of Asia. The leading crypto exchange has paid special attention to good regulatory relations, especially after its 2021 debacle that saw nearly half a dozen countries issuing compliance warning against the crypto exchange. Source