Vietnam Ministry of Finance Advances Pilot Program for Licensed Crypto Exchanges
Here's what it means for you.
As Vietnam moves to regulate its crypto market, professionals should monitor potential shifts in investment opportunities and compliance requirements.
What happened
On March 12, 2026, Vietnam's Ministry of Finance shortlisted five firms to participate in a pilot program for the country's first licensed cryptocurrency exchanges.
The Context
- Regulatory Shift: Vietnam is addressing its status as a top global crypto market without legal recognition, aiming to curb capital outflows and enhance oversight.
- Pilot Program: Launched in September 2025, the five-year pilot imposes strict requirements, including a minimum capital of 10 trillion VND ($380 million) for participating firms.
- Domestic Focus: The government plans to ban trading on overseas platforms, challenging the dominance of international exchanges like Binance.
The Number
— This is the minimum capital requirement for firms seeking licenses, highlighting the significant financial commitment needed to enter Vietnam's regulated crypto space.
Takeaway
As the pilot progresses, expect a shift towards onshore trading and enhanced investor protections, potentially reshaping the regional crypto landscape.
Covers blockchain, cryptocurrency news, project analysis, and market insights.
"CoinDesk is a well-established cryptocurrency and blockchain news provider, offering comprehensive insights, market data, and industry research."
— A47 Editor
Vietnam pushes local crypto exchanges as Hanoi moves to block offshore trading: Reuters
Vietnam is taking steps to regulate its burgeoning cryptocurrency market by promoting local exchanges while planning to block offshore trading platforms. This initiative reflects the government's intent to establish a controlled environment for digit...
News, analysis, and thought leadership focusing exclusively on Bitcoin.
"Bitcoin Magazine is one of the original publications devoted to Bitcoin, offering in-depth news, analysis, and commentary."
— A47 Editor
Vietnam Begins to Restrict Overseas Crypto Trading, Domestic Licensing Race Accelerates
Vietnam is set to restrict access to overseas cryptocurrency platforms as regulators advance plans to establish the country's first licensed digital asset exchanges. This move reflects the government's intent to create a controlled environment for cr...
Real-time updates, analysis, and reports on the blockchain and cryptocurrency sectors.
"Crypto News delivers real-time updates, analysis, and reports on the blockchain and cryptocurrency sectors."
— A47 Editor
Vietnam eyeing ban on overseas crypto trading: report
Vietnam is reportedly moving to tighten restrictions on overseas cryptocurrency trading, with the finance ministry drafting rules to prevent local residents from engaging with foreign platforms. This initiative aims to bring more cryptocurrency activ...
Covers blockchain, cryptocurrency news, project analysis, and market insights.
"Cointelegraph is a leading crypto-focused media outlet known for timely news, analysis, and educational content related to blockchain and digital assets."
— A47 Editor
Five companies vie for Vietnam crypto licences as overseas ban looms: Report
Five companies, including bank affiliates and a major conglomerate, are competing for Vietnam's first crypto exchange licenses as the government plans to impose restrictions on offshore trading. This move indicates a significant shift in Vietnam's re...
Research, news, and analysis on blockchain startups, DeFi, and regulations.
"Crypto Briefing provides research, news, and analysis on blockchain startups, DeFi, and crypto regulations with investor-focused coverage."
— A47 Editor
Vietnam shortlists firms for first regulated crypto platforms
Vietnam has shortlisted firms for its first regulated cryptocurrency platforms, marking a significant step towards establishing a controlled environment for digital assets in the country. This initiative aims to enhance economic oversight and reduce ...