National Bank of Cambodia Permits Stablecoins, Yet Bitcoin Remains Banned

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... source: https://beincrypto.com/cambodia-approves-stablecoins-bans-bitcoin/