“It is time for Vietnam to catch up in order not to miss out this upcoming technological mega-trend. There is a strong wish in the leadership of our country, to establish Vietnam as a kind of technology hub in Southeast Asia.” With these words Nguyen Tran Bao Phuong, CEO of Bitcoin Vietnam Co. Ltd. introduced his Bitcoin exchange.
Bitcoin has known a sharp increase in interest in the last couple of months in most parts of Asia. China is one of the important countries, if you take a close look at the BTC flow. However other Asian countries are rapidly catching up as Nguyen Tran Bao Phuong demonstrated with the development of his Exchange in Vietnam.
What does this new exchange have to offer?
An affiliate program
Bitcoin/Litecoin trading with a supposed 0% trading fee
Multisig. wallets as well as access to Bit2C’s own cold storage technology
Trading fees ranging from 0.25% to 0.5%.
It is also a fact that the exchange, Bitcoin Vietnam, is working together with the Israeli company Bit2C. Now who are they? Who better than Eli Bejerano, CEO of Bit2C, to elaborate a bit on his company.
“Bit2C was created as an exchange in 2012 in Israel. We felt that this was a logical step since Bitcoin needs to get into our region because Bitcoin can be a possible capital stimulus for the entire region. In that regard Bitcoin Vietnam and Bit2C are similar.
…After time we saw a need to safeguard our customers’ Bitcoins and a s such we developed cold storage for our customers….
Like I said before there are similarities between our companies and how we came to be. We both believe that Bitcoin can be an evolution in international trade and commerce. As such we love to see our technology playing role in in this future, alongside with Bitcoin. The Vietnamese economy is especially vibrant and fast-growing, a great proving ground for our technology and Bitcoin as well…”
Despite of the friendly and enthusiastic people behind both companies, the thunderclouds are gathering and the almighty Corporations are ready for a fight. The question of regulation, anti-laundering, fraud, or pure theft of customers coins deeply worry every financial institution and country around the world.
Just like in the rest of the world there are no regulatory steps taken toward BTC exchanges or exchanges in general. As such we and the exchanges need to be ever vigilant.