Vietnam Sets Mid-January Timeline For Pilot Crypto Exchange Approvals
Vietnam is shifting to place its fast-growing crypto commerce on a tighter leash, with Prime Minister Pham Minh Chinh telling businesses to license pilot digital asset exchanges earlier than Jan. 15 below a sandbox designed to check the market.
The timeline landed at a nationwide on-line convention on Jan. 6 that reviewed the finance sector’s 2025 efficiency and set priorities for 2026, with the pilot alternate approvals listed as one in every of eight activity teams for the 12 months forward, in accordance with the Vietnam Investment Review.
Officials have tracked rising curiosity in digital and crypto property from each home and international buyers, a shift that has gathered tempo after the federal government launched a formal pilot framework in Sept. 2025.
Sandbox Launch Keeps Initial Crypto Market Tightly Controlled
Vietnam additionally begins 2026 with a broader authorized base for the digital economic system, after the Law on Digital Technology Industry took effect on Jan. 1 and explicitly covers digital property alongside areas reminiscent of semiconductors and synthetic intelligence.
The preliminary sandbox will keep intentionally small. A consultant of the Cryptoasset Trading Market Management Board below the State Securities Commission stated 5 corporations can be chosen for the primary part.
Entry hurdles intention to maintain the early members closely institutional. Applicants should submit minimal constitution capital of about $400M, whereas establishments should maintain no less than 65% of constitution capital, together with greater than 35% contributed by no less than two organisations reminiscent of banks, securities companies, fund managers, insurers or know-how corporations.
Cross Agency Monitoring Backs Vietnam’s Crypto Sandbox
The rulebook additionally leans on clear monetary historical past and hardened techniques. Institutional shareholders should present income for the prior two years with audited statements receiving unqualified opinions, and repair suppliers should meet stage 4 IT security requirements on a five-level scale.
Vietnam can be constructing a multi-agency enforcement mannequin, with the Ministry of Finance overseeing operations, the State Bank of Vietnam monitoring capital flows to curb cash laundering, and the Ministry of Public Security tasked with tackling high tech crime.
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