Binance to assist Cambodia in developing digital asset regulations

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Binance is making a splash in Southeast Asia. The crypto exchange has signed a memorandum of understanding with the Securities and Exchange Regulator of Cambodia, according to a June 30 announcement. (Reporting via _prashantjha)

The leading crypto exchange has mended its relations since then and has forged critical partnerships in Asia over the past year in countries such as Thailand, Malaysia and Singapore.

The crypto exchange has also made a name for itself in offering governments technical expertise in crypto and helping them regulate the nascent sector. The exchange signed aBinance U.S. makes BTC trading fee-free as competitors feel the heat Binance’s regulatory in-roads in emerging markets have caught the attention of many, including Alex Gladstein, chief strategy officer at the Human Rights Foundation. Gladstein lauded Binance’s recent expansion into emerging markets such as Asia, Africa and the Middle East,“While Western cryptocurrency companies are buying Superbowl ads and sports stadium rights, Binance is ruthlessly and custodial taking over emerging markets in Asia, Africa, the Middle East, and Latin America. They are winning.

 

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_prashantjha The Southeast Asian market is the market with the fastest accelerating crypto adoption. Vietnam, the Philippines, Indonesia and Malaysia are the four fastest countries. Of course, this must be balanced with regulations. DeFi DAO DEX IDO Read more:

_prashantjha there's a good community over there and i'm sure an exchange like binance will help push for bona fide projects like Polygon that have been already established and are adding more zk tech as time goes on

_prashantjha BTC long from here, it's MOON time 🚀🚀🚀

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