Vietnam requires $383M capital for crypto exchanges, shortlists five applicants

Vietnam now requires companies to have at least $383M (about 10 trillion VND) in paid-up capital to operate a crypto exchange, with foreign ownership capped at 49% and only five licenses to be issued nationwide. The shortlisted applicants are firms linked to Techcombank, VPBank, LPBank, VIX Securities and Sun Group, with unlicensed platforms and retail offshore trading subject to penalties starting September 1.

Detected & updated continuously · Source: Nebula

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