Home Cambodia Stock Market

SECC warns against cryptocurrency trading

Jan 18th at 10:23
18-01-2018 10:23:24+07:00

SECC warns against cryptocurrency trading

The Securities and Exchange Commission of Cambodia (SECC) has warned the public to be cautious and avoid speculating in cryptocurrency trading, noting that the market remains unregulated.

“[We] would like to appeal to the public to be highly cautious in involving with trading of any cryptocurrencies that eventually could lead to losses,” the SECC said in a statement on Tuesday.

Last month, Hong Kong-based risk management company CamNext Global signed an MoU with the SECC to study the best way of enabling cryptocurrency use in Cambodia, including the possibility of setting up a licensed cryptocurrency exchange in the country.

phnompenh post

MOST READ

NEWS SAME CATEGORY

CSX raises limit on market fluctuations
STOCK MARKET Jan 1st at 16:56

CSX raises limit on market fluctuations

The Cambodia Securities Exchange (CSX) has decided to increase its daily limit on share price fluctuations, raising the maximum advance or decline from the previous...

SECC lays down new dispute regulations
STOCK MARKET Sep 26th at 13:35

SECC lays down new dispute regulations

The Securities and Exchange Commission of Cambodia (SECC) has issued new regulations and procedures for solving disputes involving parties operating in the...

Blackwell latest firm to get derivatives licence
STOCK MARKET Sep 6th at 07:19

Blackwell latest firm to get derivatives licence

UK-based multi-asset brokerage firm Blackwell Global became the fifth company to secure a derivative broker licence from the Securities and Exchange Commission of...

Flexibility measures weighed for CSX
STOCK MARKET Jun 27th at 10:38

Flexibility measures weighed for CSX

Cambodia's capital market regulator will meet soon to discuss a proposal to permit market orders for trading stocks on the Kingdom’s bourse, a move that would give...

Platform to unify online trading on CSX
STOCK MARKET Jun 19th at 10:33

Platform to unify online trading on CSX

A central online trading platform expected to launch by the end of the year will allow investors to trade securities listed on the local stock market using a...

Securities firm puts options on the table
STOCK MARKET May 30th at 13:25

Securities firm puts options on the table

Phnom Penh Securities is offering put and call options to its clients after becoming the first securities firm in the country to sell options on equities through a...

Trading halted for Emerald Resources
STOCK MARKET May 1st at 16:44

Trading halted for Emerald Resources

The Australian Securities Exchange (ASX) approved a share trading halt for the mining firm Emerald Resources until May 2, the date that the company is expected to...

Derivatives licensing capped by regulator
STOCK MARKET Mar 23rd at 20:03

Derivatives licensing capped by regulator

Cambodia's capital market regulator announced yesterday that it would suspend the issuance of new central counterparty licences to derivatives trading firms...

China investors largest foreign traders on CSX
STOCK MARKET Mar 13th at 20:21

China investors largest foreign traders on CSX

Foreign trading on the Cambodia Securities Exchange (CSX) is dominated by investors from China, Japan and Taiwan, according to the stock exchange’s 2016 fact book...

CSX developing app for securities trading
STOCK MARKET Feb 22nd at 15:00

CSX developing app for securities trading

A new online trading platform is being developed to spur interest in Cambodia’s sleepy stock market by allowing traders to access the exchange remotely via software...

Read More

MOST READ

Back To Top