
ALT One-way conversion for payments Basal Pay only supports conversion from digital assets into VND, with no reverse conversion. Conversion takes place when customers scan a VietQR code or make a bank transfer to pay for goods and services at participating merchants within the pilot areas, providing visitors with an additional cashless payment option.

ALT Using blockchain to enhance transaction transparency Basal Pay uses blockchain technology and incorporates Travel Rule requirements in line with FATF recommendations to support transaction traceability, manage risks, and meet anti-money laundering and counter-terrorist financing (AML/CFT) requirements.

ALT Providing real-world data to support policy development Through the pilot, Basal Pay provides regulators with real-world operational data to help refine the legal framework for digital assets. In doing so, it contributes to efforts to build a transparent financial environment, strengthen Vietnam’s financial reputation, and meet FATF standards.




















