VIETNAM SET FOR FIRST LICENSED CRYPTO EXCHANGE AHEAD OF BAN ON OVERSEAS PLATFORMS LIKE BINANCE AND OKX
Vietnam is set to roll out its first licensed domestic crypto exchange this month while simultaneously tightening restrictions on overseas platforms, including Binance and OKX, per Reuters.
Already, Vietnamese companies are competing to launch the country's first licensed cryptocurrency exchanges.
Five companies passed an initial qualification round, according to a Finance Ministry document dated March 12 and seen this week.
The move comes as Vietnam ranks 4th globally in crypto adoption with over $200B in annual trading volume