Cambodia has just revoked the business license of Huione Bank, which is basically pulling the rug out from under the projects and promotion teams in Southeast Asia that relied on it for settlements.

In the short term, it’s total chaos—fund settlements are stuck, and a large chunk of profits is being swallowed up by intermediaries. Looking ahead, a bunch of alternative solutions will definitely emerge, but they’re bound to be more fragmented, harder to manage, and come with higher fees.

For ecosystems that depend on this kind of payment channel, this is a fundamental infrastructure-level blow. Commonly used chains like TRON will probably have to readjust their regional strategies as well.