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Binance CEO “CZ” has been pushing for crypto and blockchain adoption in Southeast Asia in order to establish its leadership in the region. Now, BINANCE and Cambodia’s Securities and Exchange Regulator of Cambodia (SERC) have signed an MOU to develop the legal framework for regulating and boosting digital asset businesses in Cambodia.
Binance Eyes Rise in Digital Assets Adoption in Cambodia
The world’s largest crypto exchange Binance has signed an MoU with the Securities and Exchange Regulator of Cambodia (SERC) to develop the digital asset industry in the country, the company announced on June 30.
Binance will support the SERC to develop the legal framework for regulating and bolstering the digital asset industry. Furthermore, the company will share technical expertise and experience in digital asset operations and conduct training on digital assets.
The SERC has not issued a digital asset license to any entity. However, the country is developing regulations due to the rising demand for crypto and blockchain in the country.
SOU Socheat, Delegate of Royal Government in Charge as Director-General of SERC, said:
