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BTCC / BTCC Square / Global Cryptocurrency /
Vietnam Bank Account Purge: 86M Profiles Slated for Closure in SBV Cleanup

Vietnam Bank Account Purge: 86M Profiles Slated for Closure in SBV Cleanup

Author:
Global Cryptocurrency
Published:
2025-09-19 15:09:01
5
3
BTCCSquare news:

The State Bank of Vietnam will terminate 86 million inactive banking profiles effective September 1, 2025. This systemic purge targets accounts lacking minimum activity thresholds, reflecting broader financial system modernization efforts.

While the measure focuses on traditional finance, cryptocurrency analysts note parallels with global crypto exchange KYC/AML enforcement trends. The banking sector overhaul could indirectly benefit decentralized finance adoption as users seek alternative financial infrastructure.

|Square

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