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2 clusters · 4 sources · 24 days · First seen · Last updated

Vietnam crypto asset regulatory development

Overview

Vietnam is developing a regulatory framework for digital assets through a five-year pilot program. The government aims to issue its first licenses for crypto asset service providers in 2026, focusing on risk management, investor protection, and anti-money laundering controls. To refine these regulations, Vietnamese officials have engaged with international bodies, such as the Austrian Financial Market Authority, to discuss financial oversight.

As the process advances, five organizations have been initially selected to register as service providers. These entities are currently developing information technology systems to meet required level 4 standards. Under Resolution 05, once technical standards are met, these organizations must contribute 10,000 billion VND in capital and complete necessary documentation. Following initial certification, entities have one year to fulfill all remaining requirements to become fully operational.

Entities

State Securities Commission of Vietnam · Ministry of Public Security · Vietnam · Austrian Financial Market Authority · State Bank of Vietnam

Timeline

  1. [BUSINESS] 2 sources
    Vietnam advances plans for first crypto asset exchange

    Vietnam has selected five organizations to develop the country's first crypto asset exchange, with a potential operational deadline by May of next year pending capital and technical requirements.

  2. [BUSINESS] 2 sources
    Vietnam targets 2026 launch for first licensed crypto services

    Vietnam aims to launch its first licensed crypto asset service providers in 2026, utilizing a pilot framework and seeking regulatory cooperation with Austria to establish market oversight.

Sources

cafebiz.vn · cafef.vn · crypto.news · news.bitcoin.com