Vietnam Caps Crypto Pilot at Five Licensed Exchanges
Vietnam is planning to limit its crypto exchange pilot program to just five licensed operators, pointing to a cautious regulatory approach despite the country’s status as a global crypto adoption leader.
The framework would allow for only five licensed exchanges to operate during the pilot as the Ministry of Finance develops detailed regulations for taxation, compliance, and operational standards, Deputy Finance Minister Nguyen Duc Chi said at a government press conference on Monday, according to a VnEconomy report, a local media publication.
Chi revealed the Ministry of Finance has not yet received formal proposals from businesses to participate in the pilot, though several companies are preparing technical systems and…
