Vietnam to Regulate Crypto Exchanges Amid Rising Scams and Investor Demand
TLDR
- Vietnam plans to legalize crypto exchanges, aiming for transparency and security.
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The crypto market in Vietnam is seeing rising scams, making regulation crucial.
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Vietnamese banks and firms are preparing to join the crypto market with new exchanges.
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The government is drafting a decree for piloting digital asset transactions soon.
Vietnam’s crypto market, currently booming with millions of digital asset holders, is preparing for new regulations aimed at curbing rampant fraud and providing a legal framework for exchanges. With approximately 17 million digital asset holders and a transaction volume reaching USD 105 billion, the country is on the verge of officially launching several regulated exchanges. The…
