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Cryptopolitan

Cryptopolitan

Business

Business & Economics

Cambodia embraces stablecoins with new law, but Bitcoin and Ether are still banned

Cryptopolitan
Summary
Nutrition label

68% Informative

The National Bank of Cambodia is letting commercial banks and payment companies handle stablecoins and other cryptos backed by real-world assets.

Before now, trading them was straight-up illegal.

But this year , the government blocked access to 16 major crypto exchanges, including Binance and Coinbase .

Cambodia ranks in the top 20 countries globally for retail crypto use per capita.

VR Score

60

Informative language

53

Neutral language

47

Article tone

formal

Language

English

Language complexity

40

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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no affiliate links