On December 27, according to the Phnom Penh Post, the National Bank of Cambodia (NBC) announced that it would allow commercial banks and payment institutions to provide services related to stablecoins and asset-backed cryptocurrencies, but unbacked assets such as Bitcoin are still prohibited. The new regulations require institutions to obtain approval before they can carry out crypto asset exchange, transfer and custody services, and prohibit the use of customer assets. Previously, Cambodia blocked 16 unlicensed crypto trading websites to strengthen digital asset market supervision.