The upcoming law will not allow "newcomers" to participate in the official platform. So where do the users come from? Clearly, they are "not-so-newcomers". Now, even the official exchanges are competing to get the necessary procedures and licenses, the heaviest being the 10 trillion VND Capital requirement, and the second heaviest being the level 4 security system. The first official exchange will probably launch near the end of the year, and there will also be a six-month wait for users to onboard and transfer their assets. Mean? Foreign exchanges still have a full year to capitalize on growth and exploit legitimate, unbarred user bases in Vietnam. And at the same time, this move also conveniently helps domestic exchanges gain more users in the future. It's such an opportunity, why aren't the parties joining forces? 😁 So how can we exploit this effectively? Here are some potential partner channels, friends of every household: ✨ EIC, HBA - Reputable Associations & Chapters, dedicated to the industry, supporting businesses without self-interest. ✨ CTDA - Institute of Copyright & Digital Asset Technology: where research and projects are empowered to become a reality. ✨ G98 - Comprehensive and professional digital asset infrastructure and solutions ✨ IVY - A large media network and community with strong influence ✨ Conviction: The only national event of international caliber.

From my perspective, I don't like it. But if the five exchanges' perspective is that they have to force us into a position where we can use it in order to make a profit, then let's just go with the flow!