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etn

Several companies in Vietnam have applied for cryptocurrency exchange licenses, and 5 companies have passed the preliminary qualification review

According to Reuters, Vietnam plans to launch a pilot project for licensed cryptocurrency exchanges as early as this month to restrict domestic users from trading on foreign platforms and strengthen capital flow regulation.Documents from the Vietnamese Ministry of Finance show that five companies have passed the preliminary qualification review, including affiliated institutions of three private banks: Techcombank, VPBank, and LPBank, as well as the securities brokerage VIX Securities and the large private enterprise group Sun Group. The pilot period is set for five years, with a cap of five licensed exchanges, and the entry threshold is high, requiring a minimum registered capital of 100 trillion Vietnamese dong (approximately 37.9 million USD), with foreign ownership not exceeding 49%. The Ministry of Finance is drafting relevant regulations that aim to prohibit Vietnamese citizens from trading on foreign cryptocurrency platforms, with violators facing fines of up to 100 million Vietnamese dong (approximately 3,800 USD).Analysts point out that this ban may force over 17 million cryptocurrency holders in Vietnam to withdraw from foreign exchanges such as Binance and Bybit. The enforcement timeline is clear, set to take effect six months after the first batch of licenses is issued.

JuPay officially launches payment gateway and adds Korean won and Vietnamese dong deposit channels

JuPay announced its one-stop cryptocurrency payment solution for global merchants, with the official launch of the JuPay Payment Gateway. As one of the core infrastructures of JuPay, the payment gateway provides merchants with secure, stable, and scalable cryptocurrency payment access capabilities, supporting mainstream digital asset payments such as USDT/BTC/JU. It features real-time payment confirmation, traceable transaction status, automatic settlement and reconciliation, enterprise-level risk control and security mechanisms, and supports various payment forms including QR code payments. Merchants can integrate deeply through API or choose low-threshold access solutions to quickly enable cryptocurrency collection capabilities, suitable for e-commerce, subscription content, gaming entertainment, SaaS, and Web3-related business scenarios.At the same time, to enhance the fiat deposit experience in key markets, JuPay has further expanded localized channels. The South Korean market has integrated the ALCHEMY local deposit channel, supporting deposits in Korean Won (KRW) through the South Korean local banking system for quick conversion to cryptocurrency; the Vietnamese market has integrated the VietQR local QR code payment system, supporting deposits in Vietnamese Dong (VND) through mainstream local bank apps, improving deposit efficiency and success rates. Users can access the "Fiat Deposit" entry of JuPay within the Ju.com App, select KRW or VND, and follow the instructions to complete the operation.JuPay stated that it is continuously building a "global coverage + local depth" Web3 payment infrastructure layout, covering modules such as global fiat deposits, JuCard cryptocurrency Visa card payments, local QR code payment networks, and the JuPay Payment Gateway, further enhancing the payment connectivity between merchants and users.
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