CAEX Secures Major Backing for Vietnam Crypto Pilot Bid

As part of its efforts to establish a regulated presence in Vietnam's digital asset market, CAEX has secured significant backing from OKX Ventures and HashKey Capital.

The partnership is designed to help CAEX meet the 10 trillion dong capital requirement for the upcoming crypto exchange pilot program, which will limit participation to only five licensed entities.

The Vietnamese government has imposed strict regulations on the digital asset market, including caps on foreign ownership and institutional capital, in an effort to prevent illicit activities and ensure user trust.