Cambodia: SECC warns against cryptocurrency trading

• Jan 18, 2018

The Securities and Exchange Commission of Cambodia (SECC) has warned the public to be cautious and avoid speculating in cryptocurrency trading, noting that the market remains unregulated.

“[We] would like to appeal to the public to be highly cautious in involving with trading of any cryptocurrencies that eventually could lead to losses,” the SECC said in a statement on Tuesday.

Last month, Hong Kong-based risk management company CamNext Global signed an MoU with the SECC to study the best way of enabling cryptocurrency use in Cambodia, including the possibility of setting up a licensed cryptocurrency exchange in the country.

Source: http://www.phnompenhpost.com/business/secc-warns-against-cryptocurrency-trading