Asia is a market where cryptocurrencies and blockchain technology are growing more and more. In particular, this applies to developed countries such as China, Japan, Singapore or Taiwan. However, also less developed countries are more and more crypto-friendly, including Thailand, which recently tested blockchain-based solutions during parliamentary elections. Another country that has a chance to “welcome” the cryptocurrency industry is Vietnam.
The world-class cryptocurrency exchange
The Vietnamese company Linh Thanh Group announced establishing cooperation with a Swiss company from the blockchain market named KRONN Ventures. The purpose of this cooperation is to create the first legal, fully authorized cryptocurrency exchange on the Vietnamese market. According to the press release, Linh Thanh Group and KRONN Ventures are building “the world-class cryptocurrency exchange”! Both companies have together already obtained a license for operating such a huge project.
The headquarters of the Swiss company KROSS Ventures is located in the city of Zug, already known worldwide as a European blockchain technology centre. It is even called a “crypto-valley”.We also learn from press news that both companies are counting on fruitful cooperation aimed at influencing the awareness of cryptocurrencies and blockchain technologies not only in Vietnam but also in neighbouring Asian countries – especially Philippines, Cambodia, Bangladesh, and Sri Lanka.
The perfect moment?
It is clearly visible that the citizens of Vietnam see the potential associated with the growing cryptocurrency market and do not want to be “behind” other countries in which this industry is already “thriving”. Particularly important is the fact that we are probably currently in the so-called side market trend, and the cryptocurrency market is soon waiting for a bull market – this is the perfect moment to start with this type of project.