South Korean fintech leader Dunamu, best known for operating the Upbit exchange, has signed a memorandum of understanding with Vietnam’s MB Bank to establish the country’s first regulated cryptocurrency trading platform.
The agreement, finalized on August 12, 2025, at the Vietnam–Korea Business Forum in Seoul, combines Dunamu’s technological infrastructure, compliance expertise, and investor protection frameworks with MB Bank’s deep local market knowledge and banking integration.
MB Bank, with over 33 million customers and strong government ties, will help navigate regulatory requirements. The move comes ahead of Vietnam’s Digital Technology Industry Law taking effect on January 1, 2026, which formally recognizes and regulates digital assets.
The planned exchange aims to set high standards for security and transparency, catering to both institutional and retail investors. This partnership signals Vietnam’s entry into the regulated digital asset economy, potentially positioning it as a competitive hub for crypto innovation in Southeast Asia.
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