083/25
Notification on the Implementation of the Prakas on Licensing and Management of Digital Asset Businesses
The one-line rule that decides how a digital asset business enters the Cambodian market: only sandbox graduates may apply for a licence, so the sandbox is the door rather than an alternative to it.
- Issuer
- Securities and Exchange Regulator of Cambodia (SERC)
- Issued
- 31 December 2025
- Legal force
- In force
- Sectors
- Digital assets
- Verified
Who it binds
Anyone intending to apply to SERC for a digital asset business licence.
What it requires
- Only individuals or entities that have successfully completed the SERC FinTech Regulatory Sandbox are eligible to apply for a digital asset business licence.
What it does not cover
The limits of an instrument decide whether it applies to you, and are rarely published. These are stated from the instrument itself.
- The licensing criteria themselves, which are set by Prakas 093.
- Admission to the sandbox. Being required to graduate from it says nothing about how a firm gets in, or how long it takes.
- Any activity outside the digital asset regime — this does not touch payments, e-money or banking licensing.
Sources
- Law Digest 2025Andersen in Cambodia · professional legal commentary
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