Vietnam Pilots Crypto Exchange Regulation Amid FATF Pressure

Vietnam is moving forward with a pilot program to bring cryptocurrency exchanges into its formal regulatory framework, as part of its efforts to exit the Financial Action Task Force (FATF) grey list.

The government's move to regulate exchanges is a significant shift, aiming to protect investors while curbing illicit activities such as money laundering and terrorist financing.

The selection process for participating companies will be rigorous, with authorities evaluating firms based on strict capital and security requirements.