MIMO: The first licensed USDT ⇆ VND exchange unit in Vietnam
Da Nang officially allows MIMO to run a 3-year sandbox (12/2025–12/2028), enabling legal USDT ⇆ VND conversions.
📍 Available at 3 locations in Da Nang (Quang Trung, Nhu Nguyet, Nguyen Chi Thanh)
⚙️ How to use:
1️⃣ Register the MIMO app → eKYC with ID card/passport
2️⃣ Link USDT wallet & bank account
3️⃣ Choose transaction direction:
• VND → USDT: transfer funds → receive USDT in wallet
• USDT → VND: send tokens → receive VND into bank account
⏱ Processing time ~5–15 minutes, with electronic invoices
💰 Fee: 2.5% (0.3% discount during initial phase)
📌 What sets MIMO apart
🔻 Non-custodial: funds always remain in user’s wallet and account
🔻 Strict AML/KYC/KYT checks, preventing 'dirty' wallets
🔻 Exchange rates based on major exchanges, locked for 15 minutes, transaction halted during high volatility
🔻 Transparent reporting to regulatory authorities
🔻 3-year sandbox (18/12/2025 – 17/12/2028)
Advantages: legal, transparent, secure
⚠️ Limitations: only available in Da Nang, fees higher than P2P
Taking the first step toward nationwide crypto legalization. What do you think, everyone?
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❗️Disclaimer: This post provides information only, not investment advice #DYOR
#NFA