It has missed the global watchdog’s deadline by over a year to plug anti-money laundering gaps
VIETNAM’S cryptocurrency market has largely boomed beyond the reach of domestic regulators.
Hanoi is now rushing to pull South-east Asia’s most active crypto currency market – and the third largest in Asia-Pacific – onto regulated domestic platforms as pressure mounts to fix its anti-money laundering (AML) gaps.
Hundreds of billions of dollars in digital-asset trading activity are in play as Vietnam moves ahead with a pilot market and related regulations, even as it falls behind in efforts to get off the grey list of Financial Action Task Force (FATF), a global AML watchdog.
The pilot is now moving closer to launch. Five companies have…
