Vietnam Opens Crypto Licensing, Sets US$400 Million Capital Bar
Crypto firms looking to operate in Vietnam’s pilot digital asset market will need a minimum paid-up capital of VND 10 trillion (approximately US$400 million).
The requirement is set out in a decision issued by the Ministry of Finance, which outlines how licences for crypto asset trading market operators will be granted, amended or revoked.
The move follows the government’s resolution on piloting the crypto asset market and places regulatory oversight with the State Securities Commission.
Only Vietnamese-incorporated companies structured as limited liability companies or joint stock companies can apply.
At least 65 percent of charter capital must come from…
