Vietnam launches pilot program for cryptocurrency trading platform licenses

CoinVoice · 2026-01-21T12:54:48+00:00

The Vietnamese Ministry of Finance has launched a pilot licensing system for cryptocurrency trading platforms to regulate the industry. The State Securities Commission is responsible for issuing licenses, and applicant companies must be local firms with a minimum capital requirement of 100 trillion VND. About 10 local securities companies and banks are already planning to enter the market.

CoinVoice

2026-01-21 12:54:48

Abstract generation in progress

CoinVoice has learned that according to Cryptonews, the Vietnamese Ministry of Finance issued a resolution this week to launch a pilot program for the official licensing system of cryptocurrency trading platforms, aiming to bring the industry out of the long-standing legal gray area into a regulatory framework.\n\nAccording to the resolution, the State Securities Commission will be responsible for issuing, adjusting, and revoking operational licenses for crypto asset trading platforms, and has published detailed application guidelines. The system requires applicant companies to be domestic Vietnamese companies with a minimum paid-in capital of 100 trillion VND (approximately $3.8 billion), and must meet strict standards for infrastructure, governance, cybersecurity, and professional staffing.\n\nCurrently, about 10 securities firms and banks have expressed plans to enter the market after obtaining licenses, including SSI Securities, VIX Securities, MBBank, Techcombank, and VPBank, which have already taken steps through establishing subsidiaries or collaborating with technology partners.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.