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While being one of the highest adopters of digital currencies, Vietnam is not the friendliest jurisdiction for digital currency and blockchain firms, according to local reports.
During the company's quarterly business performance conference, KakaoBank's CEO Yun Ho-young revealed that the bank is currently reviewing a partnership with a local digital currency exchange.
The country's central bank Banco de Portugal gave full permission to launch the Bison Digital Assets exchange to offer diverse virtual currency assistance, according to local media reports.
Prime Minister Andrew Holness believes that the CBDC, expected to debut in Q1 2022, will reduce banking costs and boost financial inclusion in the Caribbean country.
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