Vietnam Moves Toward First Licensed Crypto Exchanges

[cryptobro]

Vietnam is moving closer to launching its first regulated crypto exchanges, with five companies reportedly passing an initial qualification round.

According to Reuters, applicants include affiliates of Techcombank, VPBank, and LPBank, as well as VIX Securities and Sun Group.

The licensing push follows new regulations that formally recognize crypto assets as property—while still banning their use for payments. Authorities aim to bring trading activity onshore, as the country ranks among the world’s top crypto markets with an estimated $200 billion in annual transaction volume.

[madtrader]

Vietnam quietly becoming one of the biggest crypto markets isn’t talked about enough