Vietnam's new crypto asset regulations take effect September 1; five exchanges passed initial licensing assessment with $383M capital requirement.
Regulation & Gov ·
Vietnam's regulatory framework governing crypto assets and violations will become effective on September 1. The country has not yet issued any exchange licenses, though five companies have advanced past an initial assessment phase and now face additional hurdles before operating legally.
Those five applicants must satisfy Level 4 information system security standards and commit at least VND 10 trillion—approximately $383 million—in capital reserves. The assessment represents a gating mechanism within Vietnam's current pilot licensing structure for crypto trading platforms.
Under the pilot terms, domestic investors will only face a mandatory requirement to use licensed exchanges six months after the Ministry of Finance grants its first license. No timeline for that first issuance has been announced, leaving the practical start date of the investor mandate uncertain.