Article
Cambodia Increases Oversight Of E-Wallet Customer Programs
Cambodia's central bank has issued a notice requiring businesses that issue electronic money through e-wallets and stored-value cards to notify the regulator within 90 days or face legal action. The notice targets businesses operating single-purpose e-money systems within their own networks, such as cafes, restaurants, and gas stations, that are not licensed financial institutions. Businesses must meet specific balance thresholds and operational restrictions to qualify for the notification-only exemption ra
Tilleke & Gibbins