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Vietnam has approved a five-year pilot for regulated crypto trading platforms to test market rules and consumer protections while shaping a long‑term framework. The program is expected to license multiple domestic exchanges, require Vietnamese oversight, and tighten standards on issuance, trading, and AML/KYC as authorities study impacts before full legalization. The move positions Vietnam to channel strong retail demand into a supervised market and could establish the country as a regional hub if the trial proves successful.
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