The crypto blockchain development platform aims to provide liquidity incentives to DeFi projects while also ensuring regulatory compliance for crypto enterprises.
Due to the country’s strong interest in cryptocurrencies, a digital asset platform has set aside $100 million to help build the blockchain development business in Vietnam.
With the $100 million cash, the platform, AEX, wants to offer crypto-financial derivatives in Vietnam, build an office, and promote the country’s blockchain development ecosystem.
Shergina Asya, AEX’s Chief Brand Officer, said in a statement on Monday that Southeast Asia is essential to the company’s continued worldwide expansion, with Vietnam being a significant country in the area of blockchain development.
The firm, launched in 2013, currently supports over 300 tokens and has over a million users. The company’s plans include providing liquidity incentives to high-quality decentralized finance (DeFi) initiatives and ensuring that crypto-financial enterprises comply with legislation. The initial $100 million will go toward local space-related projects.
Also, read – South Korea Plans To Spend $187 Million On Metaverse Development.
In the second half of the year, AEX wants to launch the Vietnamese Blockchain Technology Competition and Hackathon. Last year, Vietnam’s Ministry of Finance launched a research committee. The country’s prime minister later requested that the central bank begin working on a cryptocurrency pilot that supports blockchain development.
People in developing countries have a more positive view of blockchain development than people in wealthier, developed countries, according to a recent survey by consumer research firm Toluna. Nine thousand persons aged 18 to 64 from 17 countries were questioned for the report. According to the survey, the most favorable sentiments toward blockchain development were found in Asia-Pacific and Latin America, with India, Vietnam, the Philippines, and Thailand being the most receptive countries.
In Vietnam, Indonesia, and Thailand, 41% of people indicated they invested in cryptocurrency because of its short-term development potential. In December, AEX announced that its user base was rising in Thailand, Vietnam, Russia, the United States, and Canada after its globalization campaign in June.
The latest declaration comes when crypto exchanges are springing up all over the world. FTX teamed up with AZA Finance, a company established in Africa, to promote Web3, blockchain development, and digital currencies across the continent. The exchange recently launched FTX Australia.
1) FTX is really excited to support web3 gaming.
But we have a very specific approach:
support great games.
— SBF (@SBF_FTX) March 22, 2022
Following the emirate’s announcement of its first cryptocurrency legislation earlier this month, Binance and FTX were just given virtual asset licenses in Dubai.
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About the Author: Diana Ambolis
