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Binance Signs MoU with The Securities and Exchange Regulator of Cambodia

2022-06-30

Binance, the world’s leading blockchain infrastructure provider, today announced the signing of an MoU with the Securities and Exchange Regulator of Cambodia (SERC).

Binance and SERC will collaborate to develop the securities sector in Cambodia by Binance supporting the followings:

  • Binance to share technical knowledge and experience with SERC on digital asset operations.

  • Binance to support the development of the legal framework for regulating and bolstering the digital asset businesses in the country.

  • Binance to conduct proper training on digital assets for the region.

H.E Mr. SOU Socheat, Delegate of Royal Government in Charge as Director-General of SERC, said: “We hope to implement the digital asset innovation in the right way to Cambodia through the collaboration with Binance. SERC has not issued any digital asset license currently, but we are working to develop proper regulations and expect this MoU to be a stepping stone for our future regulatory work.”

Gleb Kostarev, Binance Regional Head of Asia, said: “Within the Southeast Asia region where the blockchain and digital asset adoption rate is high, Cambodia has the potential to be a leading market. Binance hopes to add value to the Cambodian securities industry by providing extensive and professional knowledge of the digital asset market.”