Vietnam Pilots Crypto Payments, Korea Inspects Bithumb and More

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Vietnam’s Da Nang launches Asia’s first FATF-compliant crypto fee sandbox whereas Korea’s FSS inspects Bithumb for ignoring lending service suspension orders, highlighting regional regulatory divergence.

Vietnam Launches First FATF-Compliant Crypto Fee Pilot Program

Da Nang, Vietnam’s coastal tourism hub and third-largest financial heart, has approved the nation’s first blockchain fee pilot program. The Basal Pay venture will take a look at cryptocurrency-to-fiat conversions for worldwide vacationers. This marks Vietnam’s inaugural fintech sandbox initiative utilizing worldwide compliance requirements.

Developed by AlphaTrue Options, the system converts digital belongings inside seconds. In comparison with conventional strategies, the platform reduces transaction prices by roughly 30%. It absolutely integrates FATF Journey Rule requirements for anti-money laundering compliance.

The 36-month trial spans 5 improvement phases underneath metropolis supervision. Vietnam ranks fifth globally in crypto adoption with over 17 million customers. This pilot may assist take away Vietnam from the FATF’s gray listing.

Korea’s FSS Inspects Bithumb Over Ignored Regulatory Steerage

South Korea’s Monetary Supervisory Service launched an on-site inspection of Bithumb change. The cryptocurrency platform ignored regulatory guidance to halt new crypto lending companies. Whereas competitor Upbit suspended its “coin borrowing” characteristic, Bithumb continued operations regardless of warnings.

BeInCrypto’s Asian Protection

Asian cities compete for monetary hub dominance as stablecoin rules reshape regional financial panorama.

Former Binance CEO CZ revealed he advises twelve governments on crypto coverage whereas predicting AI-blockchain integration.

Korean trade leaders urged sooner stablecoin regulation whereas central financial institution opposes personal token issuance.

UAE authorities accumulated 6,333 Bitcoin value $700 million via state-controlled mining operations.

Hong Kong pushes RWA tokenization and ETF buying and selling regardless of excessive compliance prices exceeding $800,000.

North Korea’s Lazarus Group stole $1.6 billion in crypto throughout 2025’s first half.

Japanese brokerage Monex considers launching yen-pegged stablecoin backed by authorities bonds.

Former Bitmain executives launched B Technique focusing on $1 billion BNB treasury with CZ backing.

Extra Highlights

Donald Trump Jr. invested double-digit thousands and thousands in Polymarket regardless of advising competitor Kalshi since January.

Ethereum faces potential drop to $4,000 as buyers bought $2.3 billion value.

Bitcoin eyes $100,000-$107,000 help zone after 94% of merchants have been liquidated lately.

AI tokens tumbled over 7% after Musk sued Apple and OpenAI for billions.

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