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β’ Only local firms can operate, all trades in VND.
β’ Assets must be backed by real value (no fiat or securities).
β’ Foreigners capped at 49% and only as investors.
β’ Minimum capital for exchanges: 10T VND ($379M), with 65% from institutions.
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India is leaning towards not creating legislation to regulate cryptocurrencies in the country and instead will maintain partial oversight, fearing that bringing the digital assets into its mainstream financial system could raise systemic risks, a government document shows.
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