Upbit Operator Dunamu, MB Bank Partner to Launch Vietnam’s First Domestic Crypto Exchange

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.