Linh Thanh Group, a Vietnamese distributor and KRONN Ventures AG, a Swiss blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details company, will create the first regulated cryptocurrency exchange in Vietnam. The companies have already signed a memorandum of cooperation and mutual understanding.
According to the information in Cision, Linh Thanh Group and KRONN Ventures AG can create a "world-class" exchanger, as KRONN Ventures AG is widely known as the leader in blockchain technology in Switzerland.
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Vietnamese Cryptocurrency Exchange
The official statement from the Linh Thanh Group says that working together with KRONN Ventures AG will help create a "global" platform, since the Swiss startup cooperates with King's College in London for AI. It also has a research and development center for cooperation with several blockchain centers.
"The fruits of the collaboration of the Linh Thanh Group and KRONN Ventures AG will affect not only Vietnam, but also the neighboring Asian countries."
There were no detailed statements from company representatives. It should consider the negative attitude of the Vietnamese authorities to the cryptocurrency industry.
And although the Swiss startup has a license to trade in crypto-assets, a law that prohibits the use of crypto in Vietnam has entered into force since January last year. Also crypto in Vietnam equated to illegal means of payment. Recall that our editors have already written about the negative attitude towards cryptocurrencies in some democratic countries.
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Swiss startup will open cryptocurrency exchanger in Vietnam. According to local law, if the authorities do not approve of the crypto-activity of companies, they will have to pay a fine of up to 9000 dollars. Recall that another exchange platform opened in Australia. Binance exchanger offers a huge discount for users of the beta version of the Binance Lite Australia platform.
Editor: Yulia Krasnaya