In an unexpected turn of events, Vietnam unveiled one of its strictest frameworks for regulating cryptocurrencies to date. This does not imply that cryptos are prohibited in Vietnam though. On the contrary, it means that the nation is altering the manner and location of their trade.

For context, Vietnam lacked a fully regulated domestic cryptocurrency market. In fact, the majority of its users have up until now relied on international exchanges like Binance, Bybit, OKX, or other offshore platforms.

Thanks to the recently issued decree (Decree No. 284/2026/NĐ-CP), the government hopes that trading will move from these foreign platforms to exchanges licensed by Vietnam’s Ministry of Finance.

After the rules go into effect on 1st…