Vietnam MB Bank and Apbit’s Build Build Crypto Exchange star-news.press/wp

The state -controlled Military Bank of the Vietnamese Bank (MB) is planning to launch an organized encoding in partnership with Dunamu, the parent company of Crypto Exchange Upbit.

According to Wednesday advertisement From Dunamu, the company signed the Memorandum of Understanding with the Military Bank. On Facebook mailThe Military Bank said that Dunamu will be supported by the construction of an encrypted currency exchange in Vietnam with technology.

“MB and Upbit will be reliable partners, and they are working together to enhance the digital financial market in Vietnam,” said Lu Tron Tai, Chairman of the Military Bank.

The Military Bank is a financial institution during the era of the Vietnamese National Defense, which makes the exchange of encryption an initiative to lead the government.

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Vietnam encoding is formed

In March, Deputy Minister of Finance, Ngawin Duk Chi Declare Experimental program for financial technology companies in Vietnam, including encryption exchange. According to the official newspaper on the Internet of the local government, the deputy governor of the State Bank in Vietnam (SBV), Fam Tian Dong Declare During an event earlier this month, Vietnam officially established a legal framework for digital assets, including distinguished assets.

The SBV leadership – the central bank in the country – indicated that the experimental program presented in March by the Deputy Minister of Finance was the key to development. The other two elements were a decision submitted by the National Assembly and the Law of Industry and Digital Technology.

“We are behaving through the law to facilitate investment and business in this sector,” said SBV.

The exchange of encryption will be tried in Vietnam at the International Financial Center. However, the experimental scheme is completed, and several exchanges will be allowed, and a number of exchange will be allowed. According to To the Ministry of Finance.

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The first organized encryption exchange in Vietnam?

While some reports indicate that this is the first local encryption exchange in Vietnam, this is not true. The country is currently hosting Bitcoinvn, an immediate exchange without a signature that supports Bitcoin (BTC), ETHER (ETH), USDT (USDT) and Ginro, run by Bitcoin Vietnam.

NAMI.Exchange also offers Trading Crypto Spot and futures as part of Nami Technology Jsc, a company registered in Vietnam.

However, with a experimental regulatory system in Vietnam that is likely to lead to future licensing requirements, the military bank exchange can become the first organized exchange under the new framework.

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