Cambodia has recently taken action to block access to 16 cryptocurrency exchange websites, including popular platforms like Binance, Coinbase, and OKX. This move is part of the country's efforts to regulate the digital asset market. The Telecommunication Regulator of Cambodia (TRC) enforced the action against platforms operating without proper licenses from the Securities and Exchange Regulator of Cambodia (SERC). Authorities restricted access to 102 domains, focusing mainly on cryptocurrency exchanges and online gambling sites. Despite the website blocks, mobile apps for these platforms remain functional. Cambodia's cautious approach to cryptocurrency is evident, with only two entities currently authorized to operate under the SERC's FinTech Regulatory Sandbox program. The crackdown comes amidst concerns over the country's role in crypto scams and cybercrime, with the UN Office on Drugs & Crime flagging Cambodia as a hotspot for illicit activities facilitated through cryptocurrencies. Read more AI-generated news on: https://app.chaingpt.org/news