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Interesting, what's happening in Vietnam right now. I read that larger players from the crypto industry are now investing in a new local exchange. The whole thing seems to be running parallel to efforts by the Vietnamese government to license crypto exchanges in the first place.
The thing is: Vietnam has long been a rather gray area for crypto exchanges and digital assets. Now it seems like something is moving. If licensing comes through, it could become interesting for local and international trading platforms. Several financial groups are apparently already working on building their positions.
This somehow shows how important regulatory clarity has become for crypto exchanges. Where there are rules, capital also flows. Vietnam could discover a whole new market for itself if the licensing plans are actually implemented. Let's see how this develops.