Global Crypto Revolution: EU, Kazakhstan, and Vietnam Make Bold Moves!

The global cryptocurrency landscape is rapidly transforming as governments and regulators take bold steps toward structured adoption.

From the launch of EU licensed crypto derivatives to Kazakhstan's groundbreaking national crypto reserve and Vietnam’s first-ever crypto trading trial, 2025 is shaping up to be a pivotal year for digital assets.

These moves highlight a shift from crypto as a fringe speculation tool to its recognition as a core financial and economic driver.

Read Also: The Evolution of Crypto Regulation: Balancing Innovation and Security

From FTX EU Collapse to Backpack EU Launch

Source: BackPakc on X

The European market has just witnessed a milestone: Backpack EU crypto operations are now live, offering one of the first fully regulated perpetual futures platforms in Europe.

Backpack EU, the successor of FTX EU, finalized its regulatory hurdles with the Cyprus Securities and Exchange Commission (CySEC) and secured a MiFID II license.

Source: Armani Ferrante on X

This allows Backpack to offer EU licensed crypto derivatives with full compliance standards. CEO Armani Ferrante emphasized that regulation is not a barrier but a foundation to build trust in crypto trading.

The platform focuses on perpetual futures, a high-demand product for both institutional and retail traders seeking flexibility in volatile markets.

By securing regulatory support, Backpack EU positions itself as a model for how exchanges can rise from crisis, transforming reputational risks into opportunities for innovation and compliance.

Read Also: Kazakhstan’s First Bitcoin ETF Fuels BTC Surge to $130K

Kazakhstan: Building a National Crypto Reserve and CryptoCity

In Central Asia, Kazakhstan is making waves by announcing a national crypto reserve under its central bank. This “State Fund of Digital Assets” will hold Bitcoin and other cryptocurrencies alongside gold and foreign currency reserves.

Officials plan to seed the reserve with confiscated assets and fully operationalize it by 2026 under new digital asset legislation.

This isn’t just about passive accumulation. Kazakhstan is pairing its reserve with a pioneering CryptoCity project in Alatau, where everyday payments, real estate, and business operations will be powered by crypto.

Designed with special rules and tax incentives, the city will act as a sandbox for Web3 companies, fostering both domestic adoption and global investment.

By combining a national Bitcoin reserve with a real-world adoption hub, Kazakhstan could set a precedent that merges financial stability with technological experimentation. If successful, it may push the nation into a leadership role in global digital asset adoption.

Read Also: How Regulations Make Crypto Better? A Full Take

Vietnam’s Bold Five-Year Crypto Trading Trial

Meanwhile, Southeast Asia is not standing still. Vietnam has approved a five-year crypto trading trial, marking its first structured effort to regulate what is already one of the world’s most active crypto user bases.

Key highlights of the trial include:

1. Only Vietnamese-owned exchanges can operate.

2. Crypto must be issued, traded, and settled in Vietnamese dong.

3. A massive 10 trillion VND ($379M) capital requirement for new exchanges, with 65% coming from institutional investors.

4. Foreign ownership capped at 49%.

By 2026, all trades on unlicensed exchanges will be deemed illegal. Vietnam’s parliament also passed a law recognizing digital assets starting January 2026, signaling a shift from past warnings to full-scale Asia crypto adoption 2025 and beyond.

With over $100 billion already in local digital assets and partnerships like the one between Upbit and Military Bank, Vietnam is setting the stage for regulated growth while safeguarding domestic control of its crypto ecosystem.

Read Also: Is the Vietnam Crypto Policy Finally in Place? Regulation Update

Global Crypto Regulation: A Turning Point

Taken together, these developments represent significant international crypto policy updates. The EU is leaning into compliance-heavy derivatives, Kazakhstan is experimenting with reserves and adoption hubs, and Vietnam is formalizing grassroots enthusiasm with regulation.

This mosaic of initiatives underscores the broader momentum in global crypto regulation news:

1. The EU is showing how regulation can enable safe innovation.

2. Kazakhstan is aligning national reserves with blockchain-powered economies.

3. Vietnam is proving that governments can channel existing user demand into structured growth.

As 2025 unfolds, these efforts may collectively reshape not just crypto markets, but the very foundation of financial systems worldwide.

The message is clear: digital assets are no longer speculative sidelines, they are becoming integral to global economic strategy.

Stay ahead of the global crypto revolution, follow the latest market insights and regulation updates on the Bitrue blog.

FAQ

What are EU licensed crypto derivatives?

These are crypto-based financial instruments (like perpetual futures) regulated under EU laws, ensuring compliance and investor protection.

Why is Kazakhstan creating a national crypto reserve?

Kazakhstan aims to diversify its reserves, protect against inflation, and position itself as a leader in digital asset adoption through its CryptoCity project.

How will Vietnam’s crypto trading trial work?

The government is running a five-year pilot where only Vietnamese-owned, highly capitalized exchanges can operate under strict rules.

Is crypto becoming part of national reserves globally?

Yes. Countries like the U.S., China, El Salvador, and Bhutan already hold Bitcoin reserves, with Kazakhstan now joining this global trend.

What does this mean for global crypto adoption?

These moves show that crypto is moving beyond speculation into regulated, integrated, and strategic roles in global economies.