Rithy Thul

KORU LENS – Vietnam’s Crypto Exchange Landscape | Recent Developments Vietnam ranks #5 globally in crypto adoption, with over 17M users and $120B in trading volume—yet its crypto space remains largely unregulated. Crypto isn’t banned, but it’s also not recognized as legal tender or a financial asset under current law, leaving investors and exchanges in a gray zone. The Vietnamese government is drafting a pilot policy to legalize and regulate domestic crypto exchanges!! 🧩 Three ownership models are under discussion: 1️⃣ State-run exchange – limited technical capacity 2️⃣ State-owned enterprises or state-private JV – lacks fintech expertise 3️⃣ Private exchange with state oversight – the most scalable model (already proven in the US, Japan, Singapore) 🏛 Minimum licensing requirements are also being discussed, including: – VND10,000B capital (~$380M) – At least 35% ownership by qualified institutions (banks, tech, securities, investment firms, insurance firms) – The exchange will act as exchange + clearing house + depository, with strict standards for cybersecurity and infrastructure Vietnam’s regulatory pivot could open the door to a more secure, transparent, and scalable digital asset ecosystem. One to watch closely. Check out the report in the link in the comment ⬇️ ⬇️ ⬇️ #VietnamCrypto #BlockchainPolicy #CryptoRegulation #Fintech #DigitalAssets #KoruCapital #CryptoExchange #Web3 #EmergingMarkets #Merger #Acquisition #StrategyAdvisory #Vietnam _______________ KORU CAPITAL 📲 WhatsApp broadcast: A channel for the buy-sides who are interested in Vietnam market (market information, analysis, insights and a bit rumors maybe): https://shorturl.at/heUHq 📲 Zalo Community: A channel for founders, entrepreneurs, managements, and finance professionals (sell-side market analysis, updates, investor preferences and real-life case studies/ practical lessons in M&A and fundraising): https://lnkd.in/gDbnbZCK

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UAE-based SaturnX has raised $3M in Seed funding led by White Star Capital to expand stablecoin payments infrastructure across Southeast Asia. 💸 Founded in 2024 by Mirnas Brescic, CFA, SaturnX acts as a backend API layer for B2B money transmitters and financial platforms. In just five months, the company reports processing $250M+ in volume and is already profitable. 🌏 The new funding will support expansion into Southeast Asia including the Philippines, Bangladesh, Indonesia, and Pakistan as well as regulatory compliance and platform development. 📌Read the full story here & subscribe for more: https://lnkd.in/d6i9hXAa #fintech #mena #stablecoins #crossborderpayments #startups

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December is supposed to be quiet for venture. Instead, 63 new funds launched globally and the pattern matters more than the number. Capital isn’t getting louder. It’s getting more precise. You see it in institutional platforms like Dragoneer Investment Group, Earlybird Venture Capital, Nexus Venture Partners, and Kibo Ventures, quietly extending proven strategies with tighter deployment. You see it just as clearly in emerging managers like Activate AI, Transition VC, Aneli Capital, and Picus Capital, raising smaller first funds with sharply defined theses. Different sizes. Different stages. Same signal: clarity over ambition. We’ve broken down all 63 new venture and growth funds launched in our New VC Funds December 2025 list by stage, geography, and strategy, to understand how capital is positioning for the next cycle. If you’re building or allocating in 2026, this list is a useful reality check. 👉 Full list + analysis: https://lnkd.in/d7sURusQ #venturecapital #vcfunds #fundlaunches #startups #founders #vcinsights #aiinvesting #climatetech #venturecapitalarchive

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𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬 𝐟𝐫𝐨𝐦 𝐭𝐡𝐞 𝐥𝐚𝐭𝐞𝐬𝐭 𝐫𝐞𝐩𝐨𝐫𝐭 𝐛𝐲 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐀𝐜𝐭𝐢𝐨𝐧 𝐓𝐚𝐬𝐤 𝐅𝐨𝐫𝐜𝐞 (March 2026) 𝑇𝑎𝑟𝑔𝑒𝑡𝑒𝑑 𝑟𝑒𝑝𝑜𝑟𝑡 𝑜𝑛 𝑆𝑡𝑎𝑏𝑙𝑒𝑐𝑜𝑖𝑛𝑠 𝑎𝑛𝑑 𝑈𝑛ℎ𝑜𝑠𝑡𝑒𝑑 𝑊𝑎𝑙𝑙𝑒𝑡𝑠 - 𝑃𝑒𝑒𝑟-𝑡𝑜-𝑃𝑒𝑒𝑟 𝑇𝑟𝑎𝑛𝑠𝑎𝑐𝑡𝑖𝑜𝑛𝑠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐚𝐥𝐢𝐭𝐲 - Stablecoin market cap now exceeds ~$300B with accelerating cross-border usage. - Adoption is driven by settlement efficiency, liquidity, and 24/7 availability. - Capital is increasingly “parking” in stablecoins during market volatility. 𝐂𝐨𝐫𝐞 𝐑𝐢𝐬𝐤 𝐈𝐝𝐞𝐧𝐭𝐢𝐟𝐢𝐞𝐝 - Growth in peer-to-peer (P2P) transfers via unhosted wallets. - Transactions executed outside regulated VASPs reduce visibility for AML/CFT controls. - Stablecoins are increasingly observed in: 1. Money laundering typologies 2. Sanctions evasion 3. Terrorist financing networks 𝐖𝐡𝐲 𝐔𝐧𝐡𝐨𝐬𝐭𝐞𝐝 𝐖𝐚𝐥𝐥𝐞𝐭𝐬 𝐌𝐚𝐭𝐭𝐞𝐫 - No intermediary performing KYC or transaction monitoring. - Self-custody enables rapid cross-border value movement. - Difficulties arise in applying Travel Rule compliance in P2P flows. 𝐄𝐦𝐞𝐫𝐠𝐢𝐧𝐠 𝐓𝐲𝐩𝐨𝐥𝐨𝐠𝐢𝐞𝐬 - Layering via cross-chain bridges. - Use of stablecoins for rapid asset conversion before cash-out. - Exploitation of regulatory arbitrage across jurisdictions. 𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐨𝐫𝐲 𝐄𝐱𝐩𝐞𝐜𝐭𝐚𝐭𝐢𝐨𝐧𝐬 - Clear AML/CFT obligations for stablecoin issuers and intermediaries. - Enhanced supervision and enforcement coordination. - Use of blockchain analytics and advanced monitoring tools. - Risk-based frameworks rather than blanket bans. 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐏𝐨𝐥𝐢𝐜𝐲 𝐈𝐦𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧 - Stablecoins are no longer a niche crypto product — they are becoming core financial infrastructure. - Regulatory architecture must evolve to address risks without stifling innovation. - Cross-border regulatory coordination will be critical as P2P usage scales. Victor Yaromin Sam Boboev #Stablecoins #CryptoRegulation #AML #FinancialCrime #CrossBorderPayments #FinTech #DigitalAssets

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📰🗞 EIOB News by Maeil Business Newspaper (매일경제) | "Busan Company Partners with UN to Build Stablecoin Ecosystem" | August 26, 2025 📍 Key Highlights: Busan-based blockchain company EIOB has been selected as the stablecoin infrastructure partner for the United Nations Development Programme (UNDP). This project aims to design financial and administrative infrastructure in Venezuela, with a focus on transparent tracking of international aid funds and efficient distribution of support. Joshua(Seong-Han) Jin, CEO of EIOB, stated that the platform will include core technologies to address the crisis in Venezuela, with plans to develop an e-wallet and payment system by the end of this year. Detailed information about EIOB and UNDP’s stablecoin infrastructure project for Venezuela is as follows: 🟢 Venezuela is facing a complex crisis including economic sanctions, recession, and currency devaluation, resulting in severe economic difficulties for its citizens. 🟢 The primary goal of the project is to ensure transparent tracking and efficient delivery of international aid, building a system that ensures funds accurately reach intended beneficiaries. 🟢 Major UN agencies such as UNHCR, FAO, UN Women, and WFP are participating in the collaboration. 🟢 EIOB CEO Jeong Sung-han emphasized that blockchain technology enables 100% traceability of aid funds and resources, significantly improving the transparency and efficiency of support activities. 🟢 The project is designed to allow stablecoins to be used in Venezuela’s digital wallets and payment systems, enabling immediate use in the field. This project holds significant meaning as a blockchain-based international aid initiative aimed at addressing Venezuela’s economic crisis. #EIOB #UNDP #UNPartnership #PublicPrivatePartnership #Stablecoin #BlockchainForGood #DigitalTransformation #FinancialInclusion #CryptoAid #Web3ForHumanity Link: https://lnkd.in/ehikrhGV

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