Cambodia

In Cambodia, cryptocurrencies are legally classified as "cryptoassets" under a dedicated framework established by the National Bank of Cambodia (NBC) via Prakas B7-024-735 Prokor in 2024. They are not recognized as legal tender. The crypto landscape is regulated, meaning there is a specific system for licensed financial institutions to offer crypto services, while unlicensed activities remain prohibited. The General Department of Taxation (GDT) is the primary authority for taxing cryptocurrency transactions, applying existing general tax laws. The National Bank of Cambodia (NBC) is responsible for the overall regulation of crypto services within the country. For individuals, income derived from crypto activities is subject to progressive income tax rates ranging from 0% to 20% on their total taxable income. Gains realized from the disposal of crypto assets, such as selling them for a profit, are subject to a flat 20% capital gains tax. This tax is calculated on the difference between the selling price and the acquisition cost. There is no distinction made between short-term and long-term holdings, the 20% rate applies regardless of how long an asset was held, and no specific exemptions or thresholds are available. Companies engaged in crypto-related activities face the standard corporate tax rate of 20%. Additionally, a general 10% Value Added Tax (VAT) applies to crypto-related services. Specific crypto activities are taxed as follows: staking rewards and income from mining activities are considered ordinary income and are subject to the progressive income tax rates (0-20%). Decentralized Finance (DeFi) activities and Non-Fungible Tokens (NFTs) are generally treated as cryptoassets, and gains or income derived from them would typically fall under either the 20% capital gains tax or the progressive income tax, depending on the nature of the activity. Converting cryptocurrency to fiat currency or exchanging one cryptocurrency for another are both considered taxable events, triggering a 20% capital gains tax on any gains realized during the transaction. Cambodia is also seeing legislative developments. A new anti-fraud law targeting crypto-related scams and fraud passed the Senate in April 2026 and is awaiting royal approval. This law aims to impose stricter penalties, including imprisonment for 2-5 years and fines up to $125,000, for individuals involved in organized crypto fraud.