Some information from the Department of Cybersecurity - Ministry of Public Security about transferring money to domestic Vietnamese exchanges!
- Transferring funds from international exchanges such as #Binance, Bybit, etc. will be simpler because KYC data is already available.
- Funds from cold/hot wallets will go through multiple steps to verify their source and determine whether $USDT is connected to dirty money, money laundering, illegal activities, or terrorist financing.
=> Verification will take quite a while.
This is an old reminder, but just so everyone doesn’t forget: after the official launch of the Vietnamese exchange, there will be 6 months to transfer assets to a domestic exchange.
- Anyone who violates the rules will face administrative penalties for minor offenses, and criminal prosecution for serious ones.
- Transferring funds from international exchanges such as #Binance, Bybit, etc. will be simpler because KYC data is already available.
- Funds from cold/hot wallets will go through multiple steps to verify their source and determine whether $USDT is connected to dirty money, money laundering, illegal activities, or terrorist financing.
=> Verification will take quite a while.
This is an old reminder, but just so everyone doesn’t forget: after the official launch of the Vietnamese exchange, there will be 6 months to transfer assets to a domestic exchange.
- Anyone who violates the rules will face administrative penalties for minor offenses, and criminal prosecution for serious ones.
