On August 26, 2025, the People’s Committee of Da Nang officially approved for Basal Pay to join the national FinTech sandbox. This marks the first time in Vietnam that a blockchain-based solution for domestic money transfers targeting foreign visitors is being piloted under a regulated framework. The project complies with anti-money laundering and counter-terrorism financing (AML/CFT) standards and integrates the Financial Action Task Force’s (FATF) Travel Rule. Official license for Basal Pay sandbox pilot in Da Nang, August 2025. Developed by AlphaTrue Solutions JSC, Basal Pay enables near-instant conversion of digital assets into fiat currency at costs about 30% lower...
September 4, 2026September 4, 2026
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