Cambodia has issued new regulations that allow banks and payment service providers to handle stablecoins and tokenized assets with approval from the National Bank of Cambodia. While banks are barred from issuing digital assets themselves, this marks the first time the regulator has explicitly legalized the sector and aligns with the Basel Committee's guidelines. Cambodia has been quietly advancing its blockchain-based payments system for five years and has seen significant growth in its digital asset sector. In China, the city of Guangzhou has launched an action plan to promote the adoption of the digital yuan. The plan includes initiatives such as paying public sector salaries and allowances with the digital currency, incorporating it into cross-border transfers, and partnering with local banks and tech firms to foster uptake. Despite a faltering push for rapid adoption in recent years, regional authorities remain committed to making the digital yuan work.



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