Crypto trading gets official nod in Vietnam with five-year trial
Vietnam is finally putting rules on the table. The government has approved a five-year crypto trading pilot, locking in what 17 million Vietnamese have already been doing behind the scenes.
Per a statement on the government website, this is a full-scale, government-backed push into regulated crypto trading after years of operating in the dark.
Every exchange under this trial must be Vietnamese-owned. No foreign company is allowed to run platforms. Issuing, trading, and paying for crypto must all happen in Vietnamese dong.
Only Vietnamese companies can issue crypto assets, and even then, they can only offer them to foreign investors. Locals can trade, but they can’t issue.
