Cambodia blocks 16 cryptocurrency exchanges, including Binance and Coinbase, due to the lack of licenses, despite high cryptocurrency usage levels in the country 🔒

Cambodia has blocked access to 16 cryptocurrency exchanges, including Binance and Coinbase, due to the lack of licenses from the country's Securities Regulator. The measures were taken to strengthen control over the cryptocurrency market, but mobile apps remain accessible. Despite the restrictions, Cambodia maintains high rankings in terms of cryptocurrency usage per capita, with centralized exchanges accounting for 70% of all transactions. The country has also drawn attention due to the use of cryptocurrencies for criminal activities.