Upbit Operator Dunamu, MB Bank Partner to Launch Vietnam’s First Domestic Crypto Exchange
Main Idea
South Korean firm Dunamu, operator of Upbit, partners with Vietnam's MB Bank to launch the nation's first crypto exchange following Vietnam's legalization of digital assets.
Key Points
1. Dunamu signed an MoU with MB Bank to establish Vietnam's first crypto exchange, marking a significant development in Vietnam's crypto scene.
2. Vietnam recently passed the Law on Digital Technology Industry, legalizing crypto assets and providing a regulatory framework for digital currencies.
3. Dunamu will advise MB Bank on regulatory compliance, investor protection, and talent development as part of the partnership.
4. Vietnam has over 20 million crypto holders and $800 billion in trading volume, highlighting its potential as a growing crypto market.
5. Dunamu reported a sharp rise in annual profits, with an 85.1% year-over-year increase in operating profit and allocated nearly 300 billion won ($204.5 million) for cash dividends.
Description
South Korean firm Dunamu, which operates crypto exchange Upbit, signed an MoU with Vietnam’s Military Bank or MB Bank to launch the nation’s first crypto exchange. The deal signed on Tuesday is a structural game-changer for Vietnam’s crypto scene, following its recent legalization of digital assets . According to the Korea Herald , the partnership will bring Dunamu’s Korean exchange model and technology to its overseas-led initiative. The signing of the initiative saw crypto leaders from both na...
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