Binance and the SERC will attempt to boost crypto adoption in Cambodia and establish rules in the local industry.
The world’s largest cryptocurrency platform – Binance – struck a deal with the Securities and Exchange Regulator of Cambodia . The collaboration will aim to impose comprehensive rules on the domestic digital asset sector and support the endeavors of crypto firms.
First, both parties will share technical expertise in cryptocurrency operations. Second, they will support digital asset businesses in the Southeast Asian nation and work towards designing an appropriate regulatory framework for the local industry. Lastly, Binance vowed to launch training courses and introduce cryptocurrencies and their merits to more Cambodians.
Commenting on the collaboration was also Gleb Kostarev – Binance Regional Head of Asia. He outlined that the blockchain and digital asset adoption rate in the Southeast Asian region is on the rise, meaning that Cambodia has the potential to turn into a global crypto hub.
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