Are You Breaking The Law By Trading Cryptocurrencies Without A License?

Are You Breaking The Law By Trading Cryptocurrencies Without A License?
фото показано с : cryptodaily.co.uk

2018-6-20 13:00

Cambodian authorities have now announced that domestic investors are required to obtain a license in order to allow them to buy, sell or trade cryptocurrencies. Without a license, these activities would now be considered illegal.

In a joint statement that was published last month by the National Bank of Cambodia, the Securities and Exchange Commission of Cambodia and the General-Commissariat of National Police where they explained that the decision was made after they had seen a growth in cryptocurrency trading in the country.

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Cambodia makes crypto illegal without license

Dealing in cryptocurrencies without obtaining a license from relevant authorities has been declared illegal in Cambodia, according to an official statement published Tuesday, June 19. The authorities specify these risks as including the fact that cryptocurrencies’ issuance is “not backed by collateral,” vulnerability to cybercrime, price volatility, and a lack of investor protection mechanisms that

2018-6-20 23:16