CryptoZF
4 Posts
CryptoZF
High-Frequency Trader
1.6 Years
1 Following
186 Followers
444 Liked
Posts
Vietnamese investors may be required to transfer digital assets to domestic exchanges?
Colonel Nguyen Thanh Chung, Cybersecurity and High-Tech Crime Prevention Department, warned that in Vietnam, large-scale "black markets" for buying and selling digital currencies are emerging, posing many risks.
Closed groups for buying and selling BTC, USDT with thousands of members allow individuals to exchange digital currencies directly, often with volumes ranging from a few thousand to millions of USDT.
Mr. Chung emphasized that the anonymity and cross-border nature of these transactions create conditions for criminals to exploit, causing risks to national security, social order, budget loss, and difficulties in investigating fraud cases.
The authorities propose that organizations pilot the cryptocurrency market strictly comply with regulations, and individuals bring assets to domestic exchanges within 6 months from the date of receiving licenses, while also completing the legal framework and enhancing management coordination. The President of the Vietnam Blockchain Association, Phan Duc Trung, believes that digital assets need to be strictly managed and recent legal documents will help the digital currency trading market become more orderly.
Source: Vietnam's official newspaper
#cryptonews
Colonel Nguyen Thanh Chung, Cybersecurity and High-Tech Crime Prevention Department, warned that in Vietnam, large-scale "black markets" for buying and selling digital currencies are emerging, posing many risks.
Closed groups for buying and selling BTC, USDT with thousands of members allow individuals to exchange digital currencies directly, often with volumes ranging from a few thousand to millions of USDT.
Mr. Chung emphasized that the anonymity and cross-border nature of these transactions create conditions for criminals to exploit, causing risks to national security, social order, budget loss, and difficulties in investigating fraud cases.
The authorities propose that organizations pilot the cryptocurrency market strictly comply with regulations, and individuals bring assets to domestic exchanges within 6 months from the date of receiving licenses, while also completing the legal framework and enhancing management coordination. The President of the Vietnam Blockchain Association, Phan Duc Trung, believes that digital assets need to be strictly managed and recent legal documents will help the digital currency trading market become more orderly.
Source: Vietnam's official newspaper
#cryptonews
The Deputy Prime Minister suggests Binance open an office in Da Nang
On September 24 in the UAE, the Permanent Deputy Prime Minister Nguyen Hoa Binh met with Binance CEO Richard Teng. He proposed that Binance open an office in Da Nang, cooperate to implement a cryptocurrency exchange at the international financial center of Vietnam, and invited Richard Teng to be a senior advisor.
The two sides signed a memorandum of understanding on cooperation regarding the development of blockchain technology and digital assets between Binance and the Da Nang People's Committee. Richard Teng committed to sharing experience, assisting in building the cryptocurrency market and the international financial center in Vietnam.
Vietnam is building an international financial center in Da Nang and Ho Chi Minh City, with plans to pilot a sandbox for new financial models, including digital assets. Resolution 5 of the Government allows for a 5-year pilot of the cryptocurrency market, with companies meeting the necessary conditions to be licensed to establish exchanges. Some companies like CAEX, TCEX, VIXEX along with MB, VPBank, SSI are preparing to participate.
In addition to Binance, the Deputy Prime Minister also met with leaders of Bybit – the largest cryptocurrency exchange in the UAE with 2.5 million users in Vietnam. Bybit expressed its readiness to provide legal support, training personnel, and sharing international experience.
The Deputy Prime Minister also worked with Emaar Properties – a leading real estate group, encouraging them to invest directly or indirectly through the international financial center of Vietnam.
#Binance #Vietnam
On September 24 in the UAE, the Permanent Deputy Prime Minister Nguyen Hoa Binh met with Binance CEO Richard Teng. He proposed that Binance open an office in Da Nang, cooperate to implement a cryptocurrency exchange at the international financial center of Vietnam, and invited Richard Teng to be a senior advisor.
The two sides signed a memorandum of understanding on cooperation regarding the development of blockchain technology and digital assets between Binance and the Da Nang People's Committee. Richard Teng committed to sharing experience, assisting in building the cryptocurrency market and the international financial center in Vietnam.
Vietnam is building an international financial center in Da Nang and Ho Chi Minh City, with plans to pilot a sandbox for new financial models, including digital assets. Resolution 5 of the Government allows for a 5-year pilot of the cryptocurrency market, with companies meeting the necessary conditions to be licensed to establish exchanges. Some companies like CAEX, TCEX, VIXEX along with MB, VPBank, SSI are preparing to participate.
In addition to Binance, the Deputy Prime Minister also met with leaders of Bybit – the largest cryptocurrency exchange in the UAE with 2.5 million users in Vietnam. Bybit expressed its readiness to provide legal support, training personnel, and sharing international experience.
The Deputy Prime Minister also worked with Emaar Properties – a leading real estate group, encouraging them to invest directly or indirectly through the international financial center of Vietnam.
#Binance #Vietnam
Log in to explore more content