Cambodia blocks 16 exchanges including Binance, Coinbase,..
Cambodia has blocked 16 major cryptocurrency exchanges, including Binance and Coinbase, in an effort to manage the rapidly growing but unregulated cryptocurrency market. This move reflects the Cambodian government's efforts to address cybercrime and fraud related to cryptocurrencies, amid international pressure to improve the country's image as a hotspot for illegal activities. Although the websites have been blocked, their applications remain operational, raising questions about the effectiveness of these measures.
The government is facing challenges in managing these activities, especially as criminal groups use cryptocurrencies to carry out illegal operations such as money laundering and transactions on the dark web.
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