Another moderately positive news comes as CMB International Securities officially starts offering virtual asset trading services. CMB International Securities is a subsidiary of China Merchants Bank. The real big news will be when China Merchants Securities can directly trade BTC and ETH. We still hope that domestic regulations can be eased. Vietnam banned cryptocurrency activities in 2017, then moved into a gray area. However, in 2025, it legislated to allow them, becoming the fifth country in the world by crypto market share. Therefore, going from prohibition to relaxation is not impossible.