Cryptocurrency in Cambodia

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whiteribbon
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Re: Cryptocurrency in Cambodia

Post by whiteribbon » Tue Jan 02, 2018 10:59 pm

croissant7 wrote:
Tue Jan 02, 2018 10:29 pm
whiteribbon wrote:
Tue Jan 02, 2018 9:54 pm
The exchanges I mentioned work well from cambodia but I still have to cash out to my offshore accounts first.
Well, that's certainly a pain.
you don't seem to be a man of many words but do you care to expand? I'm interested in why it's a pain? Do you only have Cambodian bank accounts? Is it the transfer costs from your western account to cambo account that bothers you? There are ways around that or to at least limit the costs.

*edit: and if you're close to Kep or Kampot I don't mind buying or selling for you btw if it's difficult for you to find an exchange to satisfy your needs.
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Re: Cryptocurrency in Cambodia

Post by username » Tue Jan 02, 2018 11:14 pm

Good thing about cryptocurrency is that a lot of people want to buy it with cash, and vice versa
pczz
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Re: Cryptocurrency in Cambodia

Post by pczz » Tue Jan 02, 2018 11:22 pm

If you are an EU resident you can get a revolut card and buy and sell bitcoin instantly in the app. Available currencies GBP, USD, EUR Cannot transfer direct to a Cambodian bank account though, Cambodia is still on the naughty boys list. You can use a thai bank account in your name.

https://blog.revolut.com/revolut-launch ... urrencies/
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whiteribbon
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Re: Cryptocurrency in Cambodia

Post by whiteribbon » Tue Jan 02, 2018 11:34 pm

pczz wrote:
Tue Jan 02, 2018 11:22 pm
If you are an EU resident you can get a revolut card and buy and sell bitcoin instantly in the app. Available currencies GBP, USD, EUR Cannot transfer direct to a Cambodian bank account though, Cambodia is still on the naughty boys list. You can use a thai bank account in your name.

https://blog.revolut.com/revolut-launch ... urrencies/
You really seem to like Revolut but consider https://mona.co/ this as well. 1 to 2% cashback, no yearly fee, free travel insurance, free ATM withdrawals and perfect interbank exchange rates!
Last edited by whiteribbon on Tue Jan 02, 2018 11:58 pm, edited 1 time in total.
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croissant7
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Re: Cryptocurrency in Cambodia

Post by croissant7 » Tue Jan 02, 2018 11:38 pm

whiteribbon wrote:
Tue Jan 02, 2018 10:59 pm
you don't seem to be a man of many words but do you care to expand? I'm interested in why it's a pain? Do you only have Cambodian bank accounts? Is it the transfer costs from your western account to cambo account that bothers you? There are ways around that or to at least limit the costs.

*edit: and if you're close to Kep or Kampot I don't mind buying or selling for you btw if it's difficult for you to find an exchange to satisfy your needs.
I only have a Cambodian bank account. While I appreciate the offer, I'm residing in Phnom Penh so I'm afraid I won't be able to take up on it.
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Re: Cryptocurrency in Cambodia

Post by darkhmeranet » Wed Apr 18, 2018 10:11 pm

hey, i sell btc in low commisions, sometimes spot price only service fee, i also have localbtc walet and can open advertisement fr you and also i know some good , trustable dealers who gives love commissons and nice service that i can advice you if you interest . [email protected]
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Re: Cryptocurrency in Cambodia

Post by General Mackevili » Wed Apr 18, 2018 11:45 pm

darkhmeranet wrote:hey, i sell btc in low commisions, sometimes spot price only service fee, i also have localbtc walet and can open advertisement fr you and also i know some good , trustable dealers who gives love commissons and nice service that i can advice you if you interest . [email protected]
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Re: Cryptocurrency in Cambodia

Post by darkhmeranet » Wed Apr 18, 2018 11:59 pm

i mean lowest commissions. sorry for spellig mistakes. i have some coins and make cash deal. im new on it. but i always buy send from some people who i met before in localbitcoins.com. aba bank ,wings, or meeting in public places is ok. quick operations wallet to wallet .safe. if you dont like to meet so i open ad on localbitcoins and you send me request. questions please ?
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Re: Cryptocurrency in Cambodia

Post by cryptomillion » Tue May 15, 2018 7:47 am

Before I used to Buy Bitcoin from CEX.io but after new regulation from US Law. it disable for buy and sell using Debit Card in Cambodia.
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Re: Cryptocurrency in Cambodia

Post by Username Taken » Wed Jun 20, 2018 8:22 am

Crypto Trading Without License Is 'Illegal,' Cambodian Regulators Say

Authorities in Cambodia have announced that domestic investors are now required to obtain a license in order to purchase, sell or trade cryptocurrencies – activities that would be otherwise regarded as illegal.

In a joint statement signed on May 11 and published on Tuesday, the National Bank of Cambodia (NBC), the Securities and Exchange Commission of Cambodia and the General-Commissariat of National Police said that the decision was made after observing a growth in cryptocurrency trading in the country.

Suggesting that such activities "will cause potential risks to the publics [sic] and society as a whole,"

The statement further says that failure to obtain a license for the above activities "shall be penalized in accordance with applicable laws."

So far it isn't clear just what license needs to be applied for, or what would be required for a successful application, but the requirement is likely to present a notable barrier for investors.

https://www.coindesk.com/crypto-trading ... ators-say/
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