Vietnam prepares to launch cryptocurrency exchange: Upbit intervenes

The Vietnamese government has approved the pilot cryptocurrency exchange in accordance with resolution 05/2025, requiring companies to hold at least US$68 million in registered capital and meet strict shareholder standards. Large securities companies such as SSI and TCBS have formed digital subsidiaries and have partnered with technology companies, while banks such as MB and VPBank are strengthening infrastructure through international cooperation and preparing for regulated digital asset services.