Vietnam ranks fourth globally in cryptocurrency adoption, with annual transaction volumes exceeding $200 billion. The country is formulating rules to block access to foreign exchanges such as Binance and OKX. This move aims to curb capital outflows and strengthen regulatory oversight. Meanwhile, a pilot program for licensed domestic exchanges could launch this month, with five companies including Techcombank and Sun Group passing initial screening. Industry experts point out that this move has potential economic benefits, but also emphasize that the current legal framework regarding taxation and compliance remains incomplete.

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