🚨 Update 🚨🔥
💥🇻🇳 Vietnam’s Ministry of Finance is drafting regulations that could ban citizens from trading on overseas crypto exchanges, as the country prepares to launch its first licensed domestic platforms.....
The move follows a government resolution aimed at tightening control over crypto trading and capital flows in one of the world’s most active markets. Authorities are expected to roll out a pilot program for locally operated digital asset exchanges as early as this month.....
Five entities have passed an initial qualification round, including firms linked to Techcombank, VPBank, LPBank, VIX Securities, and Sun Group, with some already confirming license applications.
Vietnam ranked fourth globally in crypto adoption, with over $200 billion in transaction volume in the past year. However, regulators are increasingly concerned about capital outflows via crypto and stablecoins......
While crypto ownership is not banned, it is not recognized as legal tender in Vietnam, leading most traders to rely on offshore platforms. Officials believe that developing domestic exchanges could retain transaction fees, boost state revenue, and support the growth of the country’s digital economy, though the legal framework remains incomplete.
#PCEMarketWatch #bitcoin #Kevli #Write2Earn
