SECC warns against investment in cryptocurrencies
/ January 17, 2018
The Securities Exchange Commission of Cambodia (SECC) yesterday warned the public against investing in cryptocurrencies such as Bitcoin, arguing there is no regulation in place to manage the use of digital coins. According to the SECC’s statement, investors should wary of digital coin since the new financial instrument has not been properly studied and its trading bears high risk. The SECC clarified that its recent memorandum of understanding (MoU) signed with Camnext Global Ltd seeks to enhance cooperation in the fintech sector, and that the agreement does not mean they approve the use of digital coins. (Source: Khmer Times)
