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Country overview

#85
Cambodia

Country stats

Rating Points
145
This indicator describes the overall rating of a given jurisdiction on several parameters according to cryptocurrency operations - market volume, crypto regulation, business climate, taxation framework.
Crypto Penetration
1.8%
Estimated percentage of crypto users out of the country's total population based on public data.
Legal Entities
1
Number of crypto companies registered in the country based on regulator data if available or other types of public data.
Regulation Points
80
An overall assessment of the granularity of crypto regulation in a given country. A high score is also given to countries where cryptocurrency transactions are highly regulated.
Amount of crypto users
250 000
Total amount of crypto users out of the country's total population based on public data.
Taxation points
25
This figure, according to our analysts' calculations, indicates the overall level of tax burden for cryptocurrency transactions in a given country. The higher the indicator, the lower the burden.
Market volume points
0
A rough estimate of this jurisdiction's retail crypto market relative to the rest of the world. The higher the indicator, the higher the market potential.
Status of crypto
Legally allowed
General status of cryptocurrency regulation in this jurisdiction.
Crypto payments
No info
The legal status of cryptocurrency payments for goods and services in a given country based on information from regulators, public data and feedback from our community.
Security Level
Minor danger
The overall level of security in a given country based on open data.
Crypto Salaries
No info
The legal status of cryptocurrency salaries to employers in a given country based on information from regulators, public data and feedback from our community.
Business Climate
No info
Overall assessment of the friendliness of this country for crypto-business. This indicator takes into account the cost of obtaining a license and the attitude towards crypto entities in the country.
Stablecoin Regulation
No info
This indicator is evaluating the regulation of stablecoins in a given country. Complex regulation means that it is possible to issue steiblcoins and obtain a license for this activity. Basic regulation means that the issuance of stablecoins is possible, but not all legal aspects are defined in the law. Standard regulation means that there is a legal practice of steylcoin circulation in a given country.
Bad Factors
No
This section describes the unfavorable economic factors for crypto-business in a given country. These are countries that are under sanctions or on the FATF grey list and other factors.
Types of licenses
Crypto-to-crypto
This license type allows VASP to provide legal exchange from one cryptocurrency to another.
Crypto-to-fiat
This type of license regulates the exchange from cryptocurrency to fiat.
Good
Medium
Bad
intro

Cambodia is a state in South East Asia with 17 mln population. Cambodia has also been the target of active investment from China, including in real estate. It is one of the few countries in the world where you can buy an apartment in installments.

It has progressive procedures for expats, which want to stay in the country for long-term living. However, to visit country first you need to apply for a visa. Basically the most popular types is tourist visa, business visa or E-visa. Already in Cambodia you can get a long-term visa for 6 months or 1 year. Most popular visa types include: work visa, job seeking visa, business/investor visa and also retirement visa. 


Security level

Cambodia may be considered as a country having minor danger security level. It has 49 from 100 safety points in Numbeo (1) index. Also, the homicide rate per 100,000 inhabitants is relatively low according to Wikipedia (2) - 1.839.   

Crypto Payments

In 2019 the National Bank of Cambodia (NBC) has banned (3) crypto transactions. In Decembwe 2023 NBC issued a resolution, which restricted (4) local banks and payments systems from operations with Bitcoin. So probably crypto payments and salaries are formally prohibited in Cambodia. However, according to SCMP (5) there are unlicensed crypto exchange points in the country, where Tether is widely used in remittances. 

Crypto Salaries

No data

Legal

Legal status of cryptocurrency in Cambodia is still incomplete. The NBC is still opposed to some type of crypto linked activities. However, the other regulator - the Securities and Exchange Regulator of Cambodia (SERC), has approved (6) license for crypto operations to RGX platform in January 2024. Also according to RGX's representative Thomas Sching crypto exchange is not illegal in the country - cambodians may own, sell and buy crypto. They are only restricted by NBC to use local bank accounts for this purposes.

Taxation

We still have no information about taxation of crypto gains in Cambodia. However, basic PIT rate in the country is 20%, as CIT rate 20% also.  

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