
Vietnam’s Ministry of Finance initiates a licensing framework for crypto exchanges, aiming to formalize the sector with strict capital and regulatory requirements under the National Securities Commission.
Vietnam’s Ministry of Finance has introduced a pilot licensing system for cryptocurrency trading platforms, with oversight by the National Securities Commission. To qualify, domestic firms must have a minimum capital of VND 10 trillion ($380 million). The move marks a significant step toward regulating the crypto market, with several securities firms and banks expressing plans to enter the sector.