Vietnam has began accepting functions for regulated digital asset change licenses on January 20, 2026.
This step launches a pilot program coordinated by the Ministry of Finance and the State Securities Fee, which builds on the Legislation on the Digital Expertise Business, enacted on January 1, 2026.
The licensing framework relies on Decision No. 05/2025/NQ‑CP, adopted in September 2025. It establishes a managed five-year trial interval to watch and develop guidelines for digital asset exchanges.
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Entities wishing to take part have to be legally established in Vietnam and fulfill sure necessities. These organizations want at the very least 10 trillion dong in paid-in capital, which is roughly $380 million.
As well as, institutional traders should personal at the very least 65% of the voting shares, whereas international possession is proscribed to 49%.
No platform has completed the registration or obtained approval at this stage. A number of well-known home banks and safety corporations, together with SSI Securities, VIX Securities, Navy Financial institution, Techcombank, and VPBank, have acknowledged their intent to use for licenses when the chance turns into obtainable.
Candidates should observe procedures outlined in Choice No. 96, which covers how one can apply, modify, or cancel a license. If all paperwork are so as, it might take about 30 days for a submission to be processed.
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