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Vietnam is preparing to pilot a digital asset exchange, spearheaded by the Finance Ministry and overseen by Deputy Finance Minister Nguyen Duc Chi. Testing of the new trading platform is anticipated to commence before the end of March.
This move highlights Vietnam’s engagement with the burgeoning crypto market. The country ranked fifth globally in crypto adoption according to Chainalysis’s data, indicating a significant interest in virtual digital assets (VDAs). The global crypto sector boasts a valuation nearing $3 trillion, showcasing its continued growth and prominence in the financial landscape. The pilot program signifies a proactive approach by Vietnam to understand and potentially regulate this evolving sector.
