Cambodia’s central bank suspends Prince Bank’s new business operations due to founder’s fraud involvement

The National Bank of Cambodia has ordered Prince Bank to halt all new business activities.

This action follows the involvement of the bank’s founder, Chen Zhi, in international cryptocurrency fraud cases.

All operations and assets of Prince Bank are now under Morisonkak MKA auditing firm.

Depositors can withdraw funds as normal, and borrowers are required to repay their loans.