Vietnam pushes local crypto exchanges as Hanoi moves to block offshore trading: Reuters

Vietnamese firms are actively seeking licenses for the country's first domestic cryptocurrency exchanges following a government resolution in February that mandates a pilot program for locally run digital asset exchanges, potentially launching in March. Five companies, including affiliates of Techcombank, VPBank, and LPBank, have passed the initial screening. This regulatory push aims to control Vietnam's rapidly expanding crypto market, where users moved an estimated $200 billion in crypto through June 2025, ranking the country fourth globally in adoption. Officials are concerned that heavy crypto use could undermine control over capital flows, as Vietnam already restricts cross-border transfers and sees high savings channeled into gold and property.

(Source：CoinDesk)