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Vietnam is officially tightening the rules around crypto.
New regulations take effect September 1 — yet the country still has ZERO licensed crypto exchanges.
Five firms have passed the first assessment, but they’ll need Level 4 cybersecurity and at least $383M in capital to qualify.
Once the first exchange is licensed, domestic investors will have 6 months to move to approved platforms.
This isn’t a crypto ban.
It’s Vietnam building a regulated crypto market from the ground up.
Could Vietnam become one of Asia’s next major regulated crypto hubs?
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