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Cryptocurrency market update: Breakthrough as Vietnam licenses the first crypto exchange

Published 03/28/2019, 07:08 AM
Updated 03/28/2019, 07:09 AM
© Reuters.

  • Link Thanh Group and KRONN Ventures AG a blockchain-based firm based in Switzerland partner to launch an exchange in Vietnam.
  • The current license gives the company the mandate to operate in Vietnam in spite of the authorities banning crypto activities.

The news that Vietnamese are going to have access to the first ever government licensed cryptocurrency exchange continues to reverberate across the crypto sphere. A licensed crypto exchange comes as a result of a Memorandum of Understanding signed between the Link Thanh Group; the largest distributor in the country and KRONN Ventures AG a blockchain-based firm based in Switzerland.

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