🚨 KOREA’S UPBIT MODEL HEADS TO VIETNAM! Dunamu teams up with MB Bank to launch the nation’s first regulated crypto exchange. Details on the deal ⬇️ https://t.co/RgQnBqKdGB
Vietnam will halve dong-denominated reserve ratios for banks that are taking over weaker lenders, as it promotes consolidation in the nation’s financial sector https://t.co/TN08b3MDPH
🚨JUST IN: DUNAMU, OPERATOR OF UPBIT, TEAMS UP WITH VIETNAM'S MB BANK TO LAUNCH THE NATION'S FIRST DOMESTIC DIGITAL ASSET EXCHANGE
Upbit, South Korea's largest cryptocurrency exchange operated by Dunamu, has announced the listing of trading pairs for the CYBER token against the South Korean won (KRW) and Tether (USDT). CYBER is a project focused on Web3 decentralized social networking infrastructure. Following the announcement, CYBER's price surged by over 130%, reaching a peak of $5.33 before stabilizing around $3. The token experienced a notable transfer of 1.744 million CYBER tokens, valued at approximately $6.18 million, from a multisignature wallet to Binance. Market analysts suggest that CYBER is currently at a technical adjustment phase with positive fundamentals, indicating potential for further valuation growth driven by commercial developments and Layer 2 solutions. In a related development, Dunamu is partnering with Vietnam's MB Bank to establish the country's first domestic regulated digital asset exchange. Dunamu will provide technology, infrastructure, compliance guidance, investor protection, and talent development support for the venture. This move aligns with Vietnam's broader financial sector reforms, including the halving of dong-denominated reserve ratios for banks acquiring weaker lenders to encourage consolidation.