Vietnam Plans Centralized Crypto Exchange, Techcom Securities to Lead
The post Vietnam Plans Centralized Crypto Exchange, Techcom Securities to Lead appeared on BitcoinEthereumNews.com.
Key Points: Vietnam announces plans for a centralized crypto exchange in 2025. Collaborative efforts consist of Techcom Securities and significant regulators. New laws to define digital possessions from 2026 onwards. Vietnam aims to release a controlled crypto exchange; Techcom Securities leads token pilot project. Vietnam is set to promote a national central cryptocurrency exchange, with a seminar set up for March 2025 in Hanoi involving essential governmental and blockchain entities.
Vietnam Starts Centralized Crypto Exchange by 2025
Vietnam is advancing the establishment of a central cryptocurrency exchange under nationwide guideline, marking a substantial action involving the Ministry of Finance, State Bank, and Techcom Securities. The pilot effort intends to offer a legal trading platform for digital possessions, as validated by the Ministry of Financing’s Deputy Minister throughout an interview. Immediate implications consist of allowing infrastructure for tokenized securities with Techcombank’s active technological development assistance. Vietnam’s effort looks for to eliminate its FATF Gray List status, affirming compliance with AML and KYC requirements through coordination with blockchain stakeholders.
“Vietnam is advancing a legal framework for digital assets by promoting the pilot implementation of a central cryptocurrency exchange (CEX), along with the draft Law on Digital Innovation Industry that is expected to be passed in May. These efforts show the Government’s strong commitment to producing a clear regulatory environment for digital assets.”— Phan Đức Trung, Chairman, Vietnam Blockchain Association.
Vietnam’s Regulative Developments Echo Regional Initiatives
Did you understand? Vietnam’s push for a controlled crypto exchange is similar to local trials like Singapore’s Payment Solutions Act Sandbox, indicating a significant move toward official market adoption. Bitcoin (BTC) stands at a price of $108,380.10 with a 24-hour trading volume of $37.64 billion, showing a 1.03% cost boost over the exact same period. BTC commands a market supremacy of 64.65%, supported by a market cap of $2.16 trillion, as …
