Asian Crypto Landscape This Week: India Audits, Japan Facilitates Expansion, Vietnam Dubuts Crypto Exchange

Group 1: Vietnam's Crypto Exchange Developments - Vietnam has initiated a pilot program for cryptocurrency exchanges under Resolution 05/2025, establishing a regulated crypto trading market for five years [2] - The framework requires firms to hold a minimum of $68 million (VND 10 trillion) in charter capital and mandates 65% institutional ownership [3] - Financial institutions are actively participating, with SSI Securities launching SSI Digital Corporation in partnership with Tether, U2U Network, and AWS to develop blockchain infrastructure [3] Group 2: Institutional Participation and Growth - Techcom Securities (TCBS) has created TCEX, increasing its capital from $20 million to $690 million, while VIX Securities launched VIXEX, growing from $1 million to $6.8 million [4] - MB Bank has partnered with South Korea's Dunamu Group to facilitate technology transfer and compliance, while VPBank is developing a tokenized asset exchange through VPBank Securities [4] Group 3: Regulatory Developments in India - India's Financial Intelligence Unit (FIU) has mandated cybersecurity audits for all crypto service providers to enhance digital asset oversight [5][6] - The directive requires compliance with anti-money laundering (AML) and counter-terrorism financing (CTF) regulations, with government-certified auditors conducting the audits [6] - The directive applies to both offshore and domestic entities, including exchanges, custodians, and wallet providers [7]