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 GOOGL perpetual settles in USDC everywhere.
14 venues open Alphabet perps to traders in Cambodia.
ApeX
Aster
Avantis
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 Alphabet from Cambodia: regulated.
18 platforms serve Cambodia for Alphabet trading, among them Aevo, ApeX and Aster.
Canborsa offers up to 20x leverage on Alphabet for traders based in Cambodia.
Canborsa charges 0.07% per side (0.14% round trip) on Alphabet.