Vietnam launches official licensing system for crypto trading platforms, institutions rush to establish presence

HashBandit · 2026-01-21T12:28:13+00:00

The Vietnamese Ministry of Finance launched a pilot licensing system for cryptocurrency trading platforms this week, aiming to bring the industry under formal regulation. The State Securities Commission will be responsible for issuing operational licenses, and companies must meet strict requirements related to local incorporation, capital, and security management. Several financial institutions have already expressed interest in applying for licenses, and market response has been positive. This could potentially serve as a reference model for other countries in the future.

HashBandit

2026-01-21 12:28:13

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【Blockchain Movement】Vietnam is moving quite quickly. The Ministry of Finance officially announced this week that they will implement a pilot licensing system for cryptocurrency trading platforms. In simple terms, this means bringing this industry out of years of legal ambiguity and into the formal sector.

The State Securities Commission has taken over this matter, responsible for issuing, adjusting, and revoking operational licenses for trading platforms. They also released a detailed application guide with specific rules. Companies seeking licenses must meet several strict conditions: first, they must be local Vietnamese companies—no exceptions; second, paid-in capital must reach 100 trillion VND (approximately $3.8 billion USD), which is a significant threshold; additionally, infrastructure development, corporate governance, cybersecurity measures, and professional team composition all have strict standards and cannot be improvised.

Interestingly, the market response has been quite positive. Currently, about 10 securities firms and banks have expressed their intention to enter the market once they obtain licenses. It appears that Vietnamese financial institutions are optimistic about this sector, just waiting for an official and legitimate status. Once this licensing system is operational, it is likely to serve as a reference model for other countries.

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DeFiCaffeinator

· 7h ago

Vietnam is really going all out this time. The $380 million threshold directly discourages small retail investors, but traditional financial giants are moving in response, indicating genuine optimism. Just worried they might change the rules again later.

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AirdropFreedom

· 7h ago

Vietnam is really serious this time, with a $380 million threshold directly keeping small retail investors out... But speaking of which, regulation is inevitable sooner or later. Instead of causing chaos, it's better to establish licensing systems early.

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zkNoob

· 7h ago

Vietnam directly imposes strict requirements, with a paid-in capital threshold of 380 million USD—quite tough, really aiming to filter candidates. However, seeing securities firms and banks already eager to try indicates that industry standardization is indeed the trend. Let's wait and see who will ultimately get to enjoy this piece of the cake.

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GateUser-2fce706c

· 7h ago

Opportunities don't come often. I've long said that Southeast Asia will become the next hot spot. Vietnam's move towards formalization has been noticed by institutions for a while. The $380 million threshold blocks retail investors, leaving the big players to feast. 10 leading institutions are ready to go. What are you hesitating for? The secret to wealth is right here. This time, the first-mover advantage is truly different. This is the general trend. I mentioned it in my course a year ago.

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