Cryptocurrency

Vietnam launches its first national-level pilot for a cryptocurrency exchange, with Techcom Securities participating

ChainCatcher news, Vietnam is actively promoting the establishment of a centralized cryptocurrency exchange (CEX) under national regulation. In March 2025, a national seminar will be held in Hanoi, where the Ministry of Finance, the State Bank, the Ministry of Public Security, blockchain experts, and the Vietnam Blockchain Association (VBA) will jointly discuss the "Sandbox Mechanism Resolution Draft," which is expected to be released in early April, paving the way for the trial operation of the exchange.Techcom Securities (TCBS) has proposed a pilot project for trading tokenized securities on the trading platform. Its parent company, Techcombank, has stated that it will actively participate in the platform's technology development and is prepared for deployment after regulatory implementation.According to the plan, the "Cryptocurrency Sandbox Mechanism Draft" along with the "Digital Technology Law" and the "International Financial Center Law" will be submitted to the Vietnamese National Assembly for review in May. Among them, the "Digital Technology Law" was passed by the National Assembly at the end of June and will officially take effect on January 1, 2026, clearly defining the legal status of "cryptocurrency" and "tokenized assets" for the first time.Currently, TCBS has launched a cryptocurrency market section on its online securities platform, allowing investors to view real-time price trends of over 100 mainstream cryptocurrencies, including BTC, ETH, XRP, BNB, and DOGE, marking the accelerated integration and development of Vietnam's fintech infrastructure.

Data: The cryptocurrency market is experiencing a widespread increase, with the Layer 2 sector leading with over a 5% rise, and BTC breaking through $108,000

ChainCatcher message indicates that, according to SoSoValue data, as external disturbances ease and short-term uncertainty decreases, market sentiment is recovering, leading to a general rise in various sectors of the crypto market. Among them, the Layer2 sector rose by 5.27% in 24 hours, with Arbitrum (ARB) increasing by 17.81% due to news that Robinhood may launch a Layer 2 network based on the ARB technology stack. Additionally, Bitcoin (BTC) rose by 1.13%, breaking the $108,000 mark. Ethereum (ETH) increased by 3.43%, rising above $2,500.Notably, MAG7.ssi rose by 1.71%, MEME.ssi rose by 3.77%, and DEFI.ssi rose by 5.00%.Other standout sectors include: the GameFi sector, which rose by 4.02% in 24 hours, with GALA and ImmutableX (IMX) increasing by 6.05% and 9.32%, respectively; the Meme sector rose by 3.92%, with Fartcoin (FARTCOIN), Pepe (PEPE), and SPX6900 (SPX) increasing by 5.57%, 6.98%, and 8.36%, respectively; the AI sector rose by 3.89%, with Virtuals Protocol (VIRTUAL) and KAITO increasing by 6.53% and 7.97%, respectively.In other sectors, the DeFi sector rose by 3.40% in 24 hours, with Aave (AAVE) increasing by 7.63%; the Layer1 sector rose by 1.66%, the CeFi sector rose by 1.30%, and Hyperliquid (HYPE) rose by 7.03%; the PayFi sector rose by 1.05%, and Litecoin (LTC) rose by 2.40%.The crypto sector indices reflecting historical market performance show that the ssiLayer2, ssiGameFi, and ssiNFT indices rose by 5.94%, 5.29%, and 4.25%, respectively, in 24 hours.
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