BTC $67,795.00 (+1.39%)
ETH $1,951.98 (-0.52%)
XRP $1.41 (-0.03%)
BNB $609.60 (+0.56%)
SOL $83.81 (+2.52%)
TRX $0.28 (+1.37%)
DOGE $0.10 (+1.04%)
BCH $554.59 (+0.83%)
ADA $0.28 (+1.22%)
LEO $8.71 (+0.52%)
HYPE $29.58 (+4.25%)
XMR $335.79 (+1.98%)
LINK $8.64 (+0.48%)
CC $0.16 (-1.62%)
XLM $0.16 (+1.05%)
RAIN $0.01 (+0.48%)
ZEC $259.43 (+1.18%)
HBAR $0.10 (+1.05%)
LTC $53.56 (+1.47%)
AVAX $9.15 (+3.58%)

Cambodia vs United States

Crypto regulation comparison

← Back to map | Cambodia | United States
Cambodia

Cambodia

United States

United States

Restricted
Legal

Cambodia has a restrictive stance on cryptocurrency. The National Bank of Cambodia prohibits banks and financial institutions from dealing in crypto, and unlicensed crypto businesses are illegal. However, the government has shown interest in blockchain technology and launched Bakong, a CBDC-like payment system.

The United States has the world's most complex crypto regulatory landscape, with overlapping federal and state jurisdictions. The SEC regulates crypto securities and has pursued enforcement actions against exchanges and token issuers. The CFTC oversees crypto derivatives and considers Bitcoin a commodity. FinCEN applies BSA requirements to crypto exchanges as money service businesses. The IRS taxes crypto as property: short-term gains at income tax rates (10-37%), long-term gains at 0-20%. New 1099-DA broker reporting rules take effect from 2025. Multiple states have their own requirements, with New York's BitLicense being the most stringent.

Tax Type Unclear
Tax Type Capital gains
Tax Rate N/A
Tax Rate 0-37%
Exchanges No No
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator National Bank of Cambodia (NBC), SERC
Regulator SEC, CFTC, FinCEN, OCC, IRS, State regulators
Stablecoin Rules Bakong (CBDC) promoted as alternative; private stablecoins not specifically regulated
Stablecoin Rules Stablecoin legislation actively being developed in Congress; existing oversight by SEC, CFTC, state regulators
Key Points
  • NBC issued a 2018 directive prohibiting banks from dealing in cryptocurrency
  • Unlicensed crypto exchanges and trading platforms are banned
  • Bakong digital payment system launched in 2020 using blockchain technology
  • SERC (Securities and Exchange Regulator) has discussed regulating crypto as digital assets
  • Despite restrictions, peer-to-peer crypto usage remains significant
Key Points
  • SEC regulates crypto as securities under Howey test; major enforcement actions (Ripple, Coinbase, Binance)
  • CFTC classifies Bitcoin and Ether as commodities; oversees derivatives markets
  • IRS treats crypto as property: short-term gains taxed at 10-37%, long-term (1yr+) at 0-20%
  • FinCEN requires exchanges to register as MSBs and comply with BSA/AML requirements
  • 1099-DA broker reporting for centralized exchanges effective from tax year 2025
Sources
Sources