Vietnam approves five-year pilot for crypto trading with $379 million capital rule
Vietnam has taken a decisive step in regulating its fast-growing digital asset market by approving a five-year pilot programme for crypto asset trading, reported Bloomberg.
The move seeks to formalise activities that have flourished without legal oversight and establish clear structures for trading, issuance, and payments.
Under the plan, only Vietnamese firms will be allowed to run platforms, and all transactions must be conducted in the Vietnamese dong.
By creating strict rules on capital, ownership, and investor eligibility, the government is positioning itself to balance market demand with financial security.
Strict capital and ownership requirements
One of the most notable aspects of the framework is the capital requirement set for any…
