Law and Order

Vietnam Caps Crypto Pilot at Five Licensed Exchanges

In brief Vietnam’s Deputy Finance Minister announced a maximum of five licenses for the crypto exchange pilot program at a government press conference on Monday. The Ministry of Finance has received no formal applications yet, though companies are preparing systems and conducting preliminary discussions with officials. Industry experts criticize high capital requirements and regulatory uncertainty,…

Business

Galaxy Debuts Crypto Platform for Individuals to Rival Robinhood, Kraken

In brief GalaxyOne is set to compete with the likes of Coinbase and Robinhood. The platform offers “premium” yield for accredited investors. Galaxy has historically catered to financial institutions. Galaxy Digital, a crypto-focused financial services firm for institutions, unveiled a platform for individual investors on Monday, putting it in direct competition with platforms like Kraken…

Business

EU Risk Watchdog Sounds Alarm on Stablecoin Safeguards

In brief EU regulators have warned that cross-border schemes could create redemption pressures in the bloc, forcing ECB intervention. The EU has one of the world’s strictest crypto regimes and requires stablecoins to be fully backed by reserves. The stablecoin market is currently valued at over $300 billion, dominated by U.S. dollar-based tokens. The European…