Digital Asset Licensing Management

On 30 December 2025, the Non-Bank Financial Services Authority (“NBFSA”) took a significant step toward shaping Cambodia’s digital asset landscape by establishing clear regulatory parameters for digital asset operators while enhancing investor protection through the...

Private Placement of Bonds

On 21 October 2025, the Non-Bank Financial Services Authority of the Kingdom of Cambodia issued Prakas No. 080 on the “Private Placement of Bonds” (“Prakas No. 080”), establishing a comprehensive legal framework governing the issuance and post-issuance obligations for...

Cambodia Unlocks New Capital: Prakas on Infrastructure Bond

Introduction Based upon World Bank data, Cambodia approved and completed over 30 infrastructure investment projects as of 2023. It is essential that such projects attract sufficient capital to develop and infrastructure bonds may play an integral part in achieving...