Dunamu and MB Bank to Launch Vietnam’s First Licensed Crypto Exchange
Main Idea
South Korea's Dunamu, operator of Upbit, partners with Vietnam's MB Bank to launch Vietnam's first licensed crypto exchange, leveraging Dunamu's technology and expertise alongside MB Bank's established banking infrastructure.
Key Points
1. Dunamu and MB Bank collaborate to establish Vietnam's first licensed cryptocurrency exchange.
2. Dunamu will provide technology, infrastructure, and expertise, while MB Bank contributes its banking resources and customer base.
3. The partnership aligns with Vietnam's recent legalization and regulation of digital assets under the Law on Digital Technology Industry.
4. Dunamu's experience with Upbit, the world's third-largest exchange, played a key role in securing the deal.
5. MB Bank is a state-linked institution with nearly $50 billion in assets and 33 million customers.
Description
South Korea’s Dunamu, operator of Upbit, is partnering with Vietnam’s state-controlled MB Bank to launch the country’s first licensed crypto exchange. The move follows new legislation legalizing digital assets in Vietnam. Vietnam Set to Open First Domestic Crypto Exchange with Dunamu–MB Bank Deal Vietnam is preparing to debut its first domestic cryptocurrency exchange through a
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