Vietnam is launching a centralized exchange for cryptocurrencies by 2025.

Vietnam is making progress in establishing a centralized cryptocurrency exchange that is subject to national regulation, representing an important step with the participation of the Ministry of Finance, the central bank, and Tikkum Securities Company. This pilot initiative aims to provide a legal trading platform for digital assets, as confirmed by the Deputy Minister of Finance during a press conference.
The direct effects include enabling the infrastructure for tokenized securities with effective support from Techcombank in the field of technological development. Vietnam aims to elevate its name from the gray list of the Financial Action Task Force (FATF), thereby confirming its compliance with anti-money laundering and know-your-customer (KYC) standards through coordination with blockchain technology stakeholders.

Vietnam is developing a legal framework for digital assets by promoting the pilot application of the centralized cryptocurrency exchange (CEX), along with a digital technology industry bill expected to be passed in May. These efforts highlight the government's firm commitment to creating a clear regulatory environment for digital assets. - Phan Duc Trong, President of the Vietnam Blockchain Association.
The organizational progress in Vietnam reflects regional initiatives.
Did you know? Vietnam's effort to establish a regulated cryptocurrency exchange reminds us of regional experiences such as Singapore's Payment Services Act, indicating an important step towards the formal adoption of the market.
The price of Bitcoin reached (BTC) $108,380.10, with a 24-hour trading volume of $37.64 billion, marking a price increase of 1.03% during the same period. Bitcoin dominates the market with a share of 64.65%, supported by a market capitalization of $2.16 trillion, according to CoinMarketCap data.