Crypto Adoption Intensifies: Vietnam Authorizes First Crypto Exchange For 95 Million People
We keep repeating that after the bearish 2018, crypto experts and analysts said that this would be the best year for the digital assets so far.
We’ll be seeing movements regarding prices and most importantly, this year will mark crypto mass adoption.
There have been a few essential moves in this direction such as Samsung implementing a crypto wallet into its latest flagship which will probably be used by millions of people and now, here’s another massive move towards the considerable goal of crypto mass adoption.
Vietnam to get its first licensed crypto exchange
Vietnam will be able to enjoy this fantastic move thanks to a Memorandum of Understanding between the Link Thanh Group which is the nation’s largest distribution group, and KRONN Ventures AG – a blockchain company from Switzerland’s “crypto valley” Zug, Investinblockchain reveals.
The online publication cites KRONN’s press release:
“In October 2018, KRONN Ventures AG formed a consortium with financial committees of five Asian developing countries including Vietnam, Philippines, Cambodia, Bangladesh, and Sri Lanka to build an international wiring system using blockchain technology that fits with the Asian environment,” according to the official press release.
“Since Vietnam and its Linh Thanh Group became the first place for this deal, the other countries in the consortium are growing concerned that they will be deprived of the opportunity to kickstart the Asia-wide transnational wiring system using blockchain.”
This is expected to become a precedent
The same press release stated that it’s expected that this move to spread to more countries and also the Vietnam impact will be definitely felt in more surrounding regions.
This is a massive step towards the mainstream adoption of digital assets.
With more regulation being implemented in the crypto space, institutional money is expected to start pouring and then we will witness mass adoption, and the bulls should also rush back to the markets.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.