Vietnam is reportedly looking to tighten restrictions on overseas cryptocurrency trading as authorities move to bring more activity under domestic oversight.
Summary
- Vietnam is preparing rules to restrict overseas crypto trading, with authorities aiming to curb capital outflows and tighten oversight of digital asset activity.
- Five firms, including affiliates of Techcombank, VPBank, and LPBank, have cleared an initial round to participate in the country’s pilot licensing program for domestic crypto exchanges.
According to a Reuters report, Vietnam’s finance ministry is drafting rules that would prevent local residents from trading on foreign crypto platforms, in a…
