🚀 Crypto News Flash: Cambodia Embraces Fiat-Backed Cryptos! 🚀

- The National Bank of Cambodia now allows banks to offer services for fiat-backed cryptos like USDC and USDT, but not for Bitcoin or Ethereum.

- Banks must get central bank approval to convert crypto to fiat, facilitate transfers, and provide custody services.

- Cambodia recently banned 16 major exchanges, including Binance, for lacking licenses.

- This cautious step aligns Cambodia with global crypto trends.

What do you think about Cambodia's crypto approach? Share your thoughts below! 💬