So get this – South Koreaās Dunamu, the folks behind Upbit (you know, that exchange where everyoneās cousinās friend made money until they didnāt š), is teaming up with Vietnamās MB Bank to launch Vietnamās first licensed crypto exchange. Because clearly, what the world needs is another place to lose money on digital assets! šø
Vietnam Decides to Join the Crypto Circus š¤¹āāļø
After watching the rest of the world lose their shirts on cryptocurrency for years, Vietnam finally said, “Alright, fine, weāll take a spin on this rollercoaster too!” š¢ Theyāre launching their first crypto exchange through this shiny new Dunamu-MB Bank partnership. Dunamu? Oh, just the geniuses behind Upbit, South Koreaās “We swear this isnāt a Ponzi scheme” exchange.
Hereās the deal: Dunamu will provide the “technology” (read: complicated graphs that go up and down), “infrastructure” (servers that crash at the worst possible moment), and “expertise” (knowing how to say “HODL” with a straight face). MB Bank, meanwhile, gets to provide⦠uh, actual money? šµ Because somebodyās got to pay for those Lambos.
Oh Kyoung-suk, Dunamu CEO: “When Vietnamās 20 million crypto holders meet Upbit⦔ Wait, 20 MILLION?! š± Who are these people? Did Vietnam just skip traditional banking altogether? “Trust us,” he says. Yeah, right after I trust that guy who DMād me about a Bitcoin doubling service.
And of course, the timing is “perfect.” Vietnam just passed a law saying, “Sure, digital assets are a thing now.” Because nothing screams “sound financial policy” like waiting until after everyoneās already gambling on crypto to make it official. š°
Oh, but Dunamu has such a great track record! They processed over $1.1 trillion in trades! š¤ ā¦And contributed to shaping South Koreaās crypto regulations! Translation: they wrote the rules so they wouldnāt get in trouble. Smart. Maybe Vietnam shouldāve let Bithumb bid too-at least then thereād be some competition for who can mismanage funds best.
Anyway, congrats, Vietnam! Welcome to the crypto party-just in time for the hangover. š¾
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2025-08-15 08:58