Cambodia's Non-Bank Financial Services Authority turns fintech strategy into a supervisory-systems buildout

Cambodia's February 2025 Non-Bank Financial Services Authority plan matters because it reframes non-bank fintech as a supervised operating stack.

Cambodia's February 2025 Non-Bank Financial Services Authority plan matters because it reframes non-bank fintech as a supervised operating stack.

The document does not announce a broad digital-asset market opening, but it does identify the reporting, disclosure, monitoring, e-filing, and implementation systems that would govern a licensed operator perimeter.

The same plan also reports that the Securities and Exchange Regulator of Cambodia had 15 sandbox applicants by Q2 2024 and had permitted two companies to test digital-asset trading platforms.

The February 2025 plan matters because it specifies the reporting, disclosure, monitoring, e-filing, and implementation systems that would define Cambodia's non-bank operator perimeter, including digital-asset testing in securities.