The National Bank of Cambodia (NBC) has approved the use of compliant stablecoin services by commercial banks and payment institutions, while prohibiting unbacked cryptocurrencies such as Bitcoin. This decision marks a significant regulatory step in the country's approach to digital assets. The NBC has classified the approved assets as Category 1 crypto assets, which include secured or stablecoins. This new regulation is the first of its kind in Cambodia, as reported by local media. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io