Cambodia does not have a dedicated cryptocurrency or digital asset securities law; the Securities and Exchange Regulator of Cambodia (SERC) oversees the securities sector under the existing securities legal framework, and digital assets that qualify as securities fall under SERC's jurisdiction. Securities and Exchange Regulator of Cambodia - SERC

The primary regulator is the Securities and Exchange Regulator of Cambodia (SERC), operating under the Non-Bank Financial Services Authority (FSA) chaired by the Deputy Prime Minister and Minister of Economy and Finance. Securities and Exchange Regulator of Cambodia - SERC

While SERC actively licenses and supervises securities market participants — including securities firms, fund management companies, and introducing agents — no entity has been publicly announced as licensed specifically for cryptocurrency or digital asset securities activities. Securities and Exchange Regulator of Cambodia - SERC

The practical reality is that Cambodia's securities regulator has not yet established a crypto-specific licensing regime or published guidance for digital asset securities, leaving businesses in a state of regulatory uncertainty. Securities and Exchange Regulator of Cambodia - SERC

The SERC continues to focus on traditional securities market development, including bond listings, equity public offerings, and investor education, with no crypto-specific announcements or approvals visible through 2026. Securities and Exchange Regulator of Cambodia - SERC

The Securities and Exchange Regulator of Cambodia (SERC), formerly the Securities and Exchange Commission of Cambodia (SECC), is the government authority responsible for the regulation and supervision of the securities sector in Cambodia. Securities and Exchange Regulator of Cambodia - SERC

The SERC operates under the Non-Bank Financial Services Authority (FSA) framework, with the FSA Council chaired by H.E. Dr. Aun Pornmoniroth, Deputy Prime Minister, Minister of Economy and Finance of Cambodia. Securities and Exchange Regulator of Cambodia - SERC

The Director General of SERC is H.E. SOU Socheat, Delegate of the Royal Government in Charge, with H.E. SEANG Thirith serving as Deputy Director General. Securities and Exchange Regulator of Cambodia - SERC

The SERC's official website is https://www.serc.gov.kh/english/, and it maintains a presence in the Library of Congress collection of international regulatory websites. Securities and Exchange Regulator of Cambodia / និយ័តករមូលបត្រកម្ពុជា - ន.ម.ក | Library of Congress

The SERC participates in international cooperation through the ASEAN Capital Markets Forum and Mekong Capital Markets Cooperation. Securities and Exchange Regulator of Cambodia - SERC

The SERC's regulatory functions include authorizing and supervising introducing agents in the securities sector, as evidenced by a July 2026 seminar on "Authorization and Supervision of Introducing Agent in Securities Sector." Securities and Exchange Regulator of Cambodia - SERC

The SERC supervises fund management companies and fund management representatives, demonstrated by a June 2026 seminar on the "Code of Conduct of Fund Management Company and Fund Management Representative." Securities and Exchange Regulator of Cambodia - SERC

The SERC issued "Detailed Guidance For Issuing Green, Social, And Sustainability Bonds" in June 2026, indicating an active practice of issuing regulatory guidance for specific securities instruments. Securities and Exchange Regulator of Cambodia - SERC

The SERC held its eighteenth Plenary Meeting of the Securities and Exchange Commission of Cambodia, indicating an ongoing governance structure. Securities and Exchange Regulator of Cambodia - SERC

There is no publicly available information from the SERC establishing a specific legal framework, law number, or article references for digital asset securities or cryptocurrency regulation separate from the general securities regulatory framework. Securities and Exchange Regulator of Cambodia - SERC

The SERC is part of the Non-Bank Financial Services Authority structure, which was inaugurated with the first Chairperson's speech at the "Inauguration Ceremony of Golden Fortune (Cambodia) Securities Plc" in Phnom Penh on December 22, 2011. Securities and Exchange Regulator of Cambodia - SERC

Cambodia's participation in FATF or Moneyval assessments is not mentioned in the SERC materials; no FATF or Moneyval status is stated on the SERC website. Securities and Exchange Regulator of Cambodia - SERC

The SERC is the authority responsible for granting approvals for public offerings of securities in Cambodia, as demonstrated by its June 2026 approval of public offerings of equity securities by BOREY VIMEAN SAMNANG PLC and public offerings of debt securities by LOLC (Cambodia) Plc. Securities and Exchange Regulator of Cambodia - SERC

The SERC licenses and supervises securities firms, as evidenced by the official listing ceremonies and operational announcements of securities firms such as Telcotech, MENGLY J.QUACH EDUCATION Plc, and CAMGSM Plc. Securities and Exchange Regulator of Cambodia - SERC

The SERC regulates and authorizes introducing agents in the securities sector, with a specific seminar dedicated to "Authorization and Supervision of Introducing Agent in Securities Sector" in July 2026. Securities and Exchange Regulator of Cambodia - SERC

The SERC regulates fund management companies and fund management representatives, with a June 2026 seminar focused on their "Code of Conduct." Securities and Exchange Regulator of Cambodia - SERC

Securities firms operating in Cambodia must have their official listing or operational launch presided over and acknowledged by the SERC Director General, as evidenced by the official listing ceremonies for Telcotech, MENGLY J.QUACH EDUCATION Plc, and CAMGSM Plc. Securities and Exchange Regulator of Cambodia - SERC

The SERC's approval process for public offerings includes review of both equity securities and debt securities, as shown by the June 2026 approvals for BOREY VIMEAN SAMNANG PLC (equity) and LOLC (Cambodia) Plc (debt). Securities and Exchange Regulator of Cambodia - SERC

New securities firms must hold a grand opening ceremony, such as the "Grand Opening of GOLDWELL CAPITAL CO., LTD." and the "Grand Opening and 1st Anniversary of ATFX (Cambodia) Company Limited" in June 2026. Securities and Exchange Regulator of Cambodia - SERC

There is no publicly available information on the SERC website establishing specific capital requirements, application fees, or processing timelines for securities licenses. Securities and Exchange Regulator of Cambodia - SERC

No entities have been publicly announced as licensed by the SERC specifically for cryptocurrency or digital asset securities activities as of 2026; zero crypto-specific licenses have been granted. Securities and Exchange Regulator of Cambodia - SERC

The SERC has not published any crypto-specific licensing framework, classification guidance, or registration pathway for digital asset securities on its official website. Securities and Exchange Regulator of Cambodia - SERC

For traditional securities, the SERC's approval process for public offerings involves official announcements and press releases, with the June 2026 approvals being the most recent examples. Securities and Exchange Regulator of Cambodia - SERC

The SERC supervises securities market participants within the broader Non-Bank Financial Services Authority structure, which includes multiple regulators and units. Securities and Exchange Regulator of Cambodia - SERC

The SERC has not published any cryptocurrency-specific AML/KYC requirements, but it does hold regular "Investor Forum" events for "Managements and Officials of Regulators and Units under the Non-Bank Financial Services Authority" covering topics such as "Long Term Investment in Securities Market." Securities and Exchange Regulator of Cambodia - SERC

The SERC conducts investor education seminars and workshops, including sessions on "Understanding Financial Instruments and Investment Opportunities in the Securities Market" and "The Securities Trading Process in Cambodia," which serve to communicate regulatory expectations to market participants. Securities and Exchange Regulator of Cambodia - SERC

The SERC's regulatory supervision of securities firms, fund management companies, and introducing agents implies oversight of their conduct, but no specific AML/KYC obligations for virtual assets have been published. Securities and Exchange Regulator of Cambodia - SERC

The SERC participates in the ASEAN Capital Markets Forum and Mekong Capital Markets Cooperation, which may involve regional AML/KYC standards alignment, but no specific details are provided on the SERC website. Securities and Exchange Regulator of Cambodia - SERC

No specific customer due diligence (CDD), enhanced due diligence (EDD), suspicious transaction reporting (STR), record retention, beneficial ownership, or PEP screening requirements for digital assets are found on the SERC's official website. Securities and Exchange Regulator of Cambodia - SERC

The SERC's latest news includes references to "The Use of Artificial Intelligence (AI) and Advanced Digital Tools to Enhance Work Efficiency and Safety" (June 2026), suggesting the regulator is considering technology-related supervisory tools, but no AML/KYC guidance for crypto assets has been issued. Securities and Exchange Regulator of Cambodia - SERC

No enforcement actions, penalties, fines, arrests, or cases related to cryptocurrency or digital asset securities violations are published on the SERC's official website. Securities and Exchange Regulator of Cambodia - SERC

The SERC has not published any enforcement actions against securities market participants for digital asset-related violations, and no such cases appear in the available SERC communications. Securities and Exchange Regulator of Cambodia - SERC

No details are available on the SERC website regarding penalties, sanctions, or disciplinary measures in the context of cryptocurrency or digital asset securities. Securities and Exchange Regulator of Cambodia - SERC

The SERC's published activities focus on market development, licensing ceremonies, investor education, and international cooperation, with no enforcement case announcements in the available materials. Securities and Exchange Regulator of Cambodia - SERC

No tax guidance has been issued for virtual assets.

The SERC's website contains no information on tax treatment of cryptocurrency or digital asset securities gains, including income tax, capital gains tax, or VAT. Securities and Exchange Regulator of Cambodia - SERC

The Tax treatment of securities transactions generally falls outside the SERC's published regulatory scope, and no crypto-specific tax rules appear in the available materials. Securities and Exchange Regulator of Cambodia - SERC

Cambodia's tax authority is not mentioned in the SERC materials, and no joint guidance between the tax authority and SERC regarding virtual asset taxation has been published. Securities and Exchange Regulator of Cambodia - SERC

The most significant gap is the complete absence of a dedicated legal framework for cryptocurrency and digital asset securities in Cambodia; the SERC has not issued any crypto-specific regulations, guidance, or classification standards. Securities and Exchange Regulator of Cambodia - SERC

Businesses face uncertainty regarding whether digital assets would be classified as securities under Cambodia's existing securities law, as no official guidance has been issued on this question. Securities and Exchange Regulator of Cambodia - SERC

No registration or licensing pathway exists for cryptocurrency exchanges, digital asset custodians, or crypto securities broker-dealers, creating a significant compliance risk for businesses considering entering this space. Securities and Exchange Regulator of Cambodia - SERC

The SERC's regulatory focus through 2026 remains on traditional securities, including bonds, equities, and fund management, with no announced plans for digital asset regulation. Securities and Exchange Regulator of Cambodia - SERC

There is a gap between the practical reality of Cambodia's growing interest in capital markets (evidenced by new listings like BOREY VIMEAN SAMNANG PLC and LOLC (Cambodia) Plc) and the absence of any regulatory framework for digital assets. Securities and Exchange Regulator of Cambodia - SERC

The lack of tax guidance for virtual assets creates uncertainty for businesses regarding their tax obligations on crypto-related income. Securities and Exchange Regulator of Cambodia - SERC

Businesses operating in the crypto space in Cambodia risk operating outside the regulatory perimeter without clear rules, which could expose them to future enforcement actions if the SERC expands its jurisdiction to digital assets. Securities and Exchange Regulator of Cambodia - SERC

The SERC's existing supervisory authorities cover securities firms, fund management companies, and introducing agents, but there is no indication how or whether these categories would apply to crypto businesses. Securities and Exchange Regulator of Cambodia - SERC

Cambodia's international cooperation through ASEAN Capital Markets Forum and Mekong Capital Markets Cooperation does not appear to have resulted in published digital asset regulatory guidance for the domestic market. Securities and Exchange Regulator of Cambodia - SERC

The SERC's June 2026 "Detailed Guidance For Issuing Green, Social, And Sustainability Bonds" demonstrates the regulator's capacity to issue detailed instrument-specific guidance, making the absence of similar guidance for digital asset securities all the more significant. Securities and Exchange Regulator of Cambodia - SERC

Securities and Exchange Regulator of Cambodia - SERC

Securities and Exchange Regulator of Cambodia / និយ័តករមូលបត្រកម្ពុជា - ន.ម.ក | Library of Congress