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Việt Nam to Ban Foreign Crypto Exchanges: Will Investors Trust Inexperienced Domestic Platforms?

Việt Nam to Ban Foreign Crypto Exchanges: Will Investors Trust Inexperienced Domestic Platforms?

Recently, the Ministry of Finance announced that five out of seven applications to establish domestic cryptocurrency exchanges have passed preliminary rounds of evaluation. [1] 

As part of the process to grant licenses for digital asset exchanges in Việt Nam, the agency is now circulating these dossiers to the Ministry of Public Security and the State Bank of Việt Nam for consultation.

The five organizations that passed the preliminary review include: [2]

  • VIX Crypto Asset Exchange Joint Stock Company (VIXEX)
  • Lộc Phát Việt Nam Crypto Asset Exchange Joint Stock Company (LPEX)
  • Việt Nam Thịnh Vượng Crypto Asset Exchange Joint Stock Company (CAEX) (part of the VPBank ecosystem)
  • Techcom Crypto…

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