Vietnam has not issued its first crypto exchange license, but five companies have passed an initial assessment under the country’s five-year digital asset market pilot.
Summary
- Vietnam has not licensed any crypto exchange, although five applicants passed an initial assessment stage.
- Applicants need 10 trillion dong in charter capital and Level 4 information-system security certification before licensing.
- Decree 284 takes effect September 1, establishing penalties for crypto-market violations during Vietnam’s pilot program.
- Domestic traders face no immediate offshore-platform fines because a separate six-month transition period applies first.
- Vietnam’s six-month…
