Cambodia moved from prohibition to a licensing regime on 26 December 2024, and the licence it created cannot yet be obtained. The National Bank of Cambodia's Prakas No.
B7-024-735 on Transaction Related to Cryptoassets recognises cryptoassets as a category, sorts them into Group 1 (tokenized traditional assets and fully backed stablecoins meeting a redemption-risk test) and Group 2 (everything else, expressly including unbacked cryptoassets such as Bitcoin), and creates a class of cryptoasset service provider. Article 20 sets out exhaustively what a CASP may do: exchange cryptoassets against fiat in either direction, transfer them, and hold or administer them in custody.
Article 19 then says any entity wishing to operate as a CASP must obtain a licence from the NBC and that the criteria and conditions for that licence are provided in a separate Prakas.
The contract itself does not change by geography: a GOLD perpetual settles in USDC everywhere.
18 venues open gold perps to traders in Cambodia.
ApeX
Aster
Avantis
Derive
gTrade
Helix
Hyperliquid
Lighter
Ondo
Ostium
Pacifica
Paradex
VestFour steps from sign-up to an open position.
Capital gains from cryptocurrency sales are taxed at a flat rate of 20%.
Trading Gold from Cambodia: regulated.
24 platforms serve Cambodia for Gold trading, among them Aevo, ApeX and Aster.
On Canborsa, traders in Cambodia can use up to 20x leverage on Gold.
On Canborsa, Gold trading from Cambodia costs 0.07% per side.