The National Bank of Cambodia (NBC) is now allowing commercial banks and payment institutions to use certain “Class 1” assets like stablecoins, especially those backed by substantial fiat assets. However, the country has still banned Bitcoin.

This development may help create growth for the nation’s nascent blockchain space, but a real transformation will require more extensive crypto-friendly policies.

Cambodia Friendly to Stablecoins?

According to local reports, this new move seems like a positive step for the regulation of stablecoins in Cambodia, but the state is clearly skeptical of crypto. Hong Vanak, an economic researcher at the Royal Academy of Cambodia, highlighted this dynamic.

“Cryptocurrencies do not bring many benefits to the national economy due to their digital and decentralized nature, and even complicate management, taxation, and ownership tracking. [However], giving the green light to crypto services can bring in large revenues from user transaction fees for commercial banks and financial institutions, Vanak claimed.

Crypto regulation in Cambodia has become stricter throughout 2024. For example, the country blocked 16 major international exchanges earlier this month.

However, the national bank hasn’t always been this hostile; it previously launched a CBDC and deployed cross-border payment transfers. Yet, growing concerns about money laundering have made the regulators scrutinize digital assets more. Now, its acceptance of stablecoins is the best news for crypto in Cambodia.

Over the past two years, crypto adoption has grown in the country. However, much of this is associated with organized crime, creating a negative stigma.

For example, researchers uncovered an $11 billion darknet trade running through Cambodia earlier this year, which even involved the President’s extended family. Tether subsequently froze much of these assets.

Growing Crypto Usage in Cambodia. Source: Chainalysis

This darknet market was even linked to laundered money from the infamous North Korean Lazarus Group, further deepening the scandal. In recent years, Cambodian regulators have worked with firms like Binance to build positive regulation.

Although it’s good that Cambodia is approving stablecoins, it may take time to extend this to the broader crypto sector.

Cryptocurrencies are ending the year in a flourish with several altcoins posting strong profits over the last couple of months. Chainlink and Stellar soared especially high after Donald Trump’s election victory in November. This naturally sets the tone for a bullish 2025. At the same time, experts believe that Remittix, a market leading ICO, could also explode in 2025. It packs a groundbreaking use case that sets it apart from the crowd, but is it the best crypto to invest in today? Read on to find out. 

Remittix’s innovation wows crypto veterans 

For a long period of time, crypto to fiat conversions have been difficult, tedious, and frankly, expensive. This is due to centralized exchanges and the issues that plague them, with current trends suggesting things won’t change anytime soon. 

However, Remittix is putting an end to all that. 

Remittix is a PayFi crypto protocol that champions crypto to fiat transactions in an innovative manner. It bridges crypto blockchains with local payment networks globally to ensure that anyone can send fiat to any bank account right from their crypto wallets. 

This groundbreaking feature has drawn the attention of crypto veterans, which is why the Remittix presale continues to soar with each new day. Even though it just launched 3 DAYS ago, over 10 million tokens have been sold helping Remittix to raise over $370,000 in the process. At an extremely attractive price of $0.0156, Remittix is well-positioned to explode in 2025.

Chainlink is gearing up for new heights 

Chainlink is an oracle for smart contracts, feeding them important data in a timely manner so they can operate efficiently. This makes LINK a crucial infrastructure for DeFi platforms. However, for the last couple of years, LINK’s price hasn’t reflected this importance - until the last few months of 2024. 

LINK more than doubled in price in November, rising from sub $100 to just about $30. Although LINK’s price has dropped a bit following the recent market corrections, it is set to appreciate stellarly in 2025. That’s why investors have their eyes on it.

Stellar shines bright for 2025

Stellar sees itself as a key player in global financial infrastructure as it focuses on facilitating cross-border transactions. XLM price action for the most part of the year was uneventful, but a sharp increase following Donald Trump’s election win has set the ball rolling for an eventful 2025. 

The idea here is that a pro-crypto administration could put an end to Ripple’s prolonged war with the SEC. Since Stellar is closely related to Ripple, this would facilitate the extensive use of XLM and ultimately boost its price in the new year. 

The bottom line: XLM, LINK, or RTX? 

Several altcoins posted strong growth at the end of 2024, which means they’ll probably hit the ground running in 2025. As a result, getting hold of XLM, LINK, and RTX wouldn’t be a bad investment decision. It’s an important step to smart portfolio diversification, minimizing potential risks. 

However, for those in search of more astonishing returns, allocating a larger portion of your portfolio to RTX is the way to go. Unlike XLM and LINK, RTX just launched and has much room for growth. Based on its fundamentals and potential, this coin is set to fetch early investors profits in excess of 10,000%. This is why experts have deemed it the best crypto to invest in at the moment. 

Discover the future of PayFi with Remittix by checking out their presale here:

Website: https://remittix.io/ 

Socials:https://linktr.ee/remittix

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