THE Cambodia Securities Exchange could begin trading later this year without the Kingdom having passed its long-awaited e-commerce law, insiders said yesterday.
An e-commerce law is necessary to protect investor data in the event of a system error or crash, among other things, and therefore lends secur-ity to investors and firms hoping to trade on the exchange.
“All the transactions are processed electronically. If we don’t have an e-commerce law, how can we operate the stock exchange?” Commerce Minister Cham Prasidh told a meeting of the US-ASEAN Business Council in Phnom Penh last week.
Read more http://www.phnompenhpost.com/index.php/2011090851518/Business/lack-of-e-trade-law-an-issue-for-csx.html
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