The Vietnam Blockchain Association has entered into strategic cooperation with the leading cryptocurrency exchange Binance for the growth of the nascent blockchain technology.
Vietnam, the land of the “Ascending Dragon,” has been an excellent market for promoting and applying blockchain technology. The country has been showing a keen interest in motivating research and development in this technological domain.
Earlier this month, both the entities announced their cooperation in the exchange of research/application of Blockchain Technology and Human Resource Training in Vietnam to promote the development of blockchain technology in the country and build a bridge with other significant technology corporations worldwide.
A Game-changing Partnership
The recent announcement has created ripples in the blockchain sector. After all, Binance is unarguably the world’s largest blockchain development technology corporation. This specific strategic partnership will be key to the growth and development of blockchain technology in Vietnam in the near future.
In the recent past, we have seen countries increasingly revising their jurisdictions to welcome cryptocurrency. Digital asset adoption is a reality that can’t be averted. Some countries are indecisive in legalizing it, but overall, there are increasing cases of adoption. Vietnam has been leading in this regard, opening to the limitless and robust crypto sector, bringing a host of possibilities.
“I think that clear and effective regulation is essential for blockchain to be applied in every corner of life, not just cryptocurrencies, DeFi, or NFT,” said CZ (Changpeng Zhao), CEO, and founder of Binance in a conversation with Huy Nguyen, co-founder of KardiaChain
The exchange is currently licensed to operate in Italy, France, Dubai, Abu Dhabi, and Bahrain.
CZ further ensured that Binance will always comply with the local laws in Vietnam as well and put users in focus which will help “Vietnamese users in particular and users worldwide believe that Binance’s platform is one of the most secure and reliable in the world.”
Digital Transformation
Blockchain technology can actually help bring the fourth industrial revolution to Vietnam. Mr. Ngo Duc Thang, Director of the Government Cipher Committee, has been very particular regarding the development of the crypto sector and has thus signed this strategic partnership.
“In the coming time, the Government will continue to facilitate, encourage and promote…
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