According to Vietnam News Agency, Vietnam has not yet issued its first cryptocurrency exchange license, but 5 companies have passed the initial round of evaluation. The next step requires meeting Level 4 information system security standards and investing at least 10 trillion Vietnamese dong (approximately $383 million USD) in capital. Meanwhile, Vietnam's new regulations on penalties for violations related to crypto assets and markets will take effect on September 1. The report cites experts saying that domestic investors will not be immediately penalized for using unlicensed platforms starting that day; under the current pilot arrangement, domestic investors will only be required to trade through licensed platforms six months after the Ministry of Finance issues the first license to a service provider. https://(wublock123.com)/news/vietnam-5-companies-passed-crypto-exchange-initial-assessment-license-not-issued-67474