The National Bank of Cambodia (Cambodian Central Bank) has officially revoked the banking license of Wing Payment.

Huivang Payment, a subsidiary of the Cambodian Huivang Group, has been accused of operating the world's largest illegal online trading platform, with the amount involved reaching up to 24 billion US dollars.

A spokesperson for the National Bank of Cambodia confirmed via email to RFA on March 6 that Huivang Payment's banking license had been revoked due to its failure to comply with current regulations and requirements of regulatory authorities. However, the central bank did not disclose the specific time of the revocation, nor did it specify the legal consequences the company would face if it continued to operate.

Huivang Group has not yet responded to the revocation of the license.