Vietnam launches pilot licensing system for crypto trading platforms, 10 institutions have already set up

SignatureVerifier · 2026-01-21T12:20:12+00:00

The Vietnamese Ministry of Finance has launched a pilot licensing system for cryptocurrency trading platforms, aiming to bring the crypto industry under a regulatory framework. The State Securities Commission will be responsible for approving related licenses, and applicant companies must be local Vietnamese firms that meet high capital requirements and other strict standards. Several securities firms and banks have already expressed interest in entering the market.

SignatureVerifier

2026-01-21 12:20:12

Abstract generation in progress

【ChainNews】The Vietnamese Ministry of Finance recently announced a major news—officially launching a pilot program for cryptocurrency exchange platform licensing. What does this mean? In simple terms, the crypto industry is moving from years of legal gray areas into a regulated framework.

According to the new regulations, the State Securities Commission will become the approval authority, responsible for issuing, adjusting, and even revoking operating licenses for crypto asset trading platforms. To obtain a license, companies must be Vietnamese domestic firms, which is a must. More strictly, the minimum paid-in capital must reach 10 trillion VND, approximately 380 million USD, which is indeed a high threshold.

In addition to capital requirements, there are strict standards for infrastructure, governance structure, cybersecurity, professional team composition, and other aspects. The regulatory requirements are quite comprehensive.

How is the market reacting? Currently, about 10 securities companies and banking institutions have expressed strong interest, planning to enter the market after obtaining licenses. Some leading institutions are acting quickly—some are establishing subsidiaries, while others are collaborating with technology providers, all preparing and paving the way in advance. It can be seen that Vietnam’s traditional financial institutions attach great importance to this wave of compliance opportunities for crypto trading platforms.

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VCsSuckMyLiquidity

· 10h ago

$380 million threshold? That's hilarious. This is just targeting small retail investors; only big institutions can afford to play.

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IntrovertMetaverse

· 10h ago

The $380 million threshold directly discourages most small retail investors' entrepreneurial dreams.

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FUD_Vaccinated

· 10h ago

Starting from 380 million USD, Vietnam is really going all in --- Gray areas are becoming regular, major institutions are rushing in, this wave of regulation is quite fierce --- Only domestic companies can play? The restrictions are really harsh, international teams need to find ways --- Ten institutions are already in line, everyone is eager and ready to go --- The 380 million threshold directly keeps retail investors forever out, a typical game of big capital --- Vietnam has opened this door, will other Asian countries be far behind? --- The polite way to say it is a licensing system, the harsh way is just a feast for big institutions --- Infrastructure, cybersecurity, and teams all need to meet standards; trying to get in is simply impossible

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UncommonNPC

· 10h ago

$380 million threshold, it looks like Vietnam is about to make a move Honestly, this wave of regulation is more aggressive than I expected Institutions are lining up, is this the rhythm to bring the crypto industry into the system? The gray area is finally being taken over by the formal authorities Ten institutions are itching to act, whoever gets the license first will make a killing Vietnam's move is very clever, directly setting a threshold to trap retail investors Signals of capital entering, big moves are definitely coming As regulations arrive, countries are copying each other, is the blockchain industry entering a new era? Wait, is it really calculated like this for Vietnam dong to USD...

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