PHNOM PENH -- Cambodia has blocked access to 16 cryptocurrency exchange websites, including Binance and Coinbase, but not their apps, highlighting the country's struggle to manage the illegal but booming crypto market.
Cryptocurrencies
Cambodia blocks access to 16 crypto exchange websites
Apps still active, highlighting challenges in managing booming market
Banks and other financial institutions advertising money changing services between the stablecoin Tether, or USDT (left), and other formats, including fiat currency can be found easily in Phnom Penh (right). Offering such services violates a 2017 ban imposed by the National Bank of Cambodia. (Photo by AFP/Jiji and Danielle Keeton-Olsen)
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