• The Ministry of Finance issued “Resolution No. 96/QD-BTC” introducing three new procedures.
• If all rules are met, licensed cryptocurrency exchanges might start operations as early as March.
• A variety of banks and funding firms have already expressed curiosity in taking part available in the market.

Vietnam has formally began accepting purposes for pilot licenses from crypto exchanges, marking the primary time the nation has introduced crypto buying and selling platforms below a proper regulatory framework. This marks a serious change, bringing exchanges below authorities regulation and ending a protracted interval of unclear authorized standing.

The Ministry of Finance issued “Resolution No. 96/QD-BTC” introducing three new administrative procedures.

• Permit companies to use for enterprise licenses
• Adjusting present licenses
• Revoke licenses if needed

Purposes are actually formally being accepted, and if all necessities are met, licensed crypto exchanges might start operations as early as March 2026.

A variety of banks and funding companies, together with SSI Securities, Techcombank and VPBank, have already expressed curiosity in taking part available in the market as soon as the license begins.

The pilot program is predicated on the federal government decision (No.05/2025/NQ-CP) handed in September 2025 that established a five-year check interval for digital foreign money transactions and providers. The brand new licensing program is a crucial a part of this total plan to maintain the market regulated and defend those that make investments.

Strict entry necessities

Firms searching for licenses to function digital foreign money exchanges in Vietnam face strict rules. They have to:

• Be a legally registered firm in Vietnam
• Have not less than VND 10 trillion (roughly $380 million) in beginning capital from accredited large-scale traders
• Guarantee that almost all of this funding (65% or extra) comes from establishments akin to banks, funding firms, and insurance coverage firms.
• Adjust to cybersecurity, anti-money laundering, and governance requirements

The rules are designed to make sure that solely well-capitalized and professionally managed firms can function a regulated cryptocurrency market in Vietnam.

The nation has one of the vital energetic crypto markets within the Asia-Pacific area. In line with Chainalysis information, complete transaction worth from mid-2024 to mid-2025 was between $220 billion and $230 billion. Because of this on common $600 million price of cryptocurrencies are traded day by day and there’s a enormous variety of energetic customers.

The Vietnamese authorities seeks to carry all this exercise below official regulation by licensing native buying and selling platforms. That is geared toward supporting safer and extra secure development of the business sooner or later.

Associated: Vietnam to license solely 5 digital foreign money exchanges in experimental program by 2026