NUMBER OF THE DAY
This is how much 17 million Vietnamese trade in crypto each year — all through foreign exchanges, while the government is now launching its own platforms.
🏦 Offshore goes onshore: Vietnam wants to domesticate its wild crypto market. Pilot exchanges will need at least US$410 million in capital and must offer dong trading. MB Bank is already partnering with Korea’s Upbit.
💹 Asia trend: While Singapore and Thailand are pushing out unlicensed exchanges, Vietnam is taking the opposite route — regulate first, then launch. Fees are expected to match the stock market at 0.15%.
Watch: Vietnam is turning its gray crypto market into a tax base. With 17 million active traders and one of Asia’s fastest-growing economies, the country could become Southeast Asia’s next crypto hub.
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