Vietnamese authorities are aimed at regional and international digital asset dominance following the adoption of a new law that recognizes digital currencies.
The country’s latest driving force is a proposed financial center to compete with regional tongue weights in Asia and Pacific. The Ministry of Finance is cooperative with relevant ministries to prepare a bill for the National Assembly to set up a financial center.
The report reveals that Vietnamese authorities have chosen Da Nang to host the incoming financial center. Sources with knowledge of the matter say that Da Nang was chosen for its growth potential and strategic benefits.
Then na is between Hanoi and Ho chi minh city in central Vietnam. In addition, a strong tourist industry, a deep sea port and an international airport support the driving force for the launch of an international financial center in Da Nang.
“We believe that Da Nang can become a powerful new international financial hub,” said Le Hoang Phuc, head of Da Nang’s semiconductor and AI Center (DSAC).
National Assembly Resolution 136 has given green light for Da Nang to experiment with “special mechanisms” in a sandbox model. With the support of the highest legislative body, the city has welcomed a pilot project that allows tourists to do Stablecoin payments.
At the moment, tourists are limited to using USDT To pay for goods and services, with city officials who are eager to extend the offer after the first evaluation rounds.
However, the draft regulation will contain the strict protection bag for digital assets suppliers, which requires them to follow Global Know Your Customer (KYC) and AML rules for money laundering (AML). In addition, service providers in the incoming financial center will book a compensation fund for users in the event of black Swan events such as Cyber security offenses It corresponds to international best practice.
Vietnam makes national driving force for digital assets
In mid -June, Vietnam passed a new legislation as formally recognized digital assets. Vietnams Ho Chi Minh has earmarked part of its national budget for blockchain and joined the growing list of regional initiatives.
The measurements for adoption are largely impressive, with 21% of the Vietnamese population who holds digital assets. Outside blockchain, the authorities conduct artificial intelligence (AI) and other emerging technology and urges Soes to embrace digitization.
Taiwan Prepaid Card and Digital Wallet Market to increase to $ 14.94 billion 2029
Otherwise predicted a new report that the adoption of prepaid cards and Digital wallets In Taiwan, you would register impressive growth levels before the decade.
Research and markets highlight An upward growth trend on the local prepaid card and the digital wallet market. Between 2020 and 2024, the sector raised a composed annual growth rate (CAGR) of 8.8% to reach $ 11.51 billion.
However, the report predicts an estimated 5.2% CAGR from 2025 to 2029, which corresponds to a market valuation of $ 14.94 billion before the decade. At the end of the year, the market will grow to $ 12 billion in a driving run by a number of factors.
The biggest growth driver is to change consumer habits among Taiwan’s residents. When the smartphone penetration reaches its highest levels, a sharp increase Mobile first payments Integrating prepaid cards and digital wallets is mainstream.
Analysts emphasize the trend of contactless payments after the COVID-19 pandemic, while an e-commerce and food delivery boom are tipped to contribute to the sector’s CAGR. In addition, Taiwans game And Cashback Payments Culture supports the increase in digital wallets in the Island Nation.
Outside consumer habits, a number of authorities also contribute to the rising prepaid card and the digital wallet. Taiwan’s Financial Supervisory Commission (FSC) promotes mobile payment and adoption of e-money by issuing licenses to a broader class of service providers.
The country’s real -time payment infrastructure and integration and plan to launch a National digital wallet At the end of 2025, you can trigger growth measurements.
In 2029, the report Tips Line Pay to keep the largest proportion of digital wallet space, followed by Apple Pay (Nasdaq: Aapl) and Google Pay (Nasdaq: Googl). For prepaid card suppliers, Easycard and iPass will lead the cohort, driven by their wide application Over the retail, hospitality and transport segment in the economy.
Bank -published prepaid cards will contribute to the record, while company card tools for customer rewards and employees’ incentives are expected to add volume to the sector.
Digital assets to drive Taiwan’s growth
Although not mentioned in the report, digital assets are expected to support Taiwan’s digital wallet growth. A new digital asset law and the influx of global service providers signals ecosystem growth.
In addition, establish strictly AML rules Sets the basis for the country’s integration of digital assets in important sectors into the global economy. Taiwan embraces as well Artificial intelligence While beating important regional and international partnerships to improve their local payment landscape.
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