Cambodia Blocks 16 Cryptocurrency Exchanges Including Binance and Coinbase

BlockBeats News, December 3rd, according to Nikkei Asia, Cambodia has blocked access to 16 cryptocurrency exchanges, including Binance and Coinbase, but has not blocked their apps. This highlights the country's dilemma in controlling the booming but illicit cryptocurrency market.

Cambodia is facing international pressure to improve its reputation as a hub for online scams. The government is trying to regulate cryptocurrency and other digital services; however, this has had little effect on the decentralized nature of cryptocurrency trading. It has also disrupted the operations of some established industry players.