Cambodia News

The draft bill, yet to be signed into law by the king, marked a significant policy change for Cambodia officials in addressing scam centers.

Huione Group helped launder funds from Southeast Asian scam networks behind “pig butchering” schemes and other crypto scams.

The apparent shutdown follows years of scrutiny of one of crypto’s largest fraud marketplaces.

The US said it would pursue forfeiture of the Bitcoin holdings tied to a Cambodia-based company if the alleged ringleader were convicted.

Huione Guarantee’s shutdown sent “shockwaves” through the ecosystem but also left a vacuum for other crypto darknet marketplaces to fill.

Despite repeated attempts to stamp out the crypto-crime-linked Huione, Chainalysis says there’s been no meaningful decline in transactions.

Five members of an international crypto scam ring are accused of stealing nearly $37 million from American victims and sending the funds to Cambodia.

The US Treasury has proposed cutting the Huione Group's access to the US banking system, accusing it of being involved in laundering crypto.

The Swiss-based backer of the Internet Computer Protocol will provide training and entrepreneurial support as well as decentralized computing.

The Cambodian central bank’s Soramitsu-backed digital payment system is continuing to expand.

Over $35 million in funds from a May cryptocurrency exchange hack have reportedly been moved to the online marketplace Huione Guarantee this month.

The UNDP’s Universal Trusted Credentials will get its second trial in Cambodia. The plan is to create a 10-country ecosystem.

While Japan is preparing to solve the legal issues around issuing a CBDC, it has not revealed plans for an official launch.

The CBDC-like bakong provides digital payment services in riel and the U.S. dollar. It has been steadily extending its regional scope.

The crypto exchange has signed similar agreements with the governments of Kazakhstan, Dubai and Bermuda.