- The Vietnamese government prepares to launch its first Bitcoin and crypto exchange.
- Vietnam’s Military Bank (MB) partnered with South Korea’s Dunamu.
- The Upbit operator will act as a key strategic partner for this exciting venture.
The Vietnamese government prepares to launch its first Bitcoin and crypto exchange. In detail, Dunamu, the entity that operates South Korea’s crypto exchange platform, Upbit, is looking to export Korea’s exchange model and technology to Vietnam. What’s more, MB Bank and Dunamu have partners to launch the country’s first domestic digital currency exchange. This move depicts growing crypto adoption in the East.
Vietnamese Government to Launch Its First Crypto Exchange
On Tuesday, Vietnam’s state-controlled Military Bank (MB) partnered with Dunamu. The collaboration entailed the pair cementing the initiative through a signed memorandum of understanding. This event took place at a business forum in Seoul, South Korea and was attended by corporate leaders from both nations. This is a huge move, elevating crypto adoption in Vietnam.
In detail, MB Bank, a trusted entity founded in 1994 as a Ministry of National Defense subsidiary, serves 33 million customers with its total assets amounting to about 50 million. The bank ranks among the top 5 largest banks in Vietnam. Dunamu will act as a key strategic partner, assisting Vietnam in its exciting venture of launching the first-ever Bitcoin and crypto exchange in the nation.
To highlight, Dunamu, the reputed Upbit operator, will offer its advisory capabilities on areas such as investor protection, regulatory compliance, and talent development. Thus, the Vietnamese government will tap into Dunamu for its proven expertise on Upbit, where it transformed the exchange to help shape Korea’s broader crypto ecosystem. Upbit manages over $11 billion in digital assets, making it a promising partner to work alongside this venture.
The fact that Vietnam is finally moving forward with this move is a huge sign of crypto going mainstream across the world. This has been a highly eager expectation for Vietnam, as the country’s government had also approved the Law on Digital Technology Industry on June 14, which brought digital assets under regulatory oversight. The country’s National Assembly said the legislation will take effect on January 1, 2026.
Global Adoption on the Rise
The East has certainly been showing high interest in crypto adoption, and many countries have already taken action to indoctrinate these innovations and technologies. Most recently, Indonesia announced that it was considering adopting Bitcoin as a national reserve asset. This fell right in line with Binance Founder CZ’s prediction for a global BTC race to begin. Soon, more countries will get involved in the crypto sphere.
