🙏🏾CEX in Vietnam is likely to only stop at spot, 0.1% tax, and penalties for violations

👉If Vietnam launches a domestic CEX, the model may very well only allow spot trading, no margin, no futures – similar to how Upbit operates in South Korea.

✅The main goal is not to create a "trading playground," but to manage cash flow and collect taxes.

👉How will the 0.1% tax be applied?

-Simply put, every time you sell or swap to receive money / other assets → taxed

-Expected rate: 0.1% on the transaction value

+ Transferring coins between personal wallets → not considered taxable transactions.

+ Selling coins, exchanging coins for USDT, VND, or other assets → incurs tax obligations

For example:

Selling $1 BTC

Total cost approximately 180$ USDT

~0.1% tax

~0.1% transaction fee

- No need for profit or loss, just the occurrence of a sale / exchange transaction value is taxable.

👉The issue of using foreign exchanges after having a domestic CEX:

✅ LEGAL FRAMEWORK

Once there is a licensed exchange in the country, continuing to use foreign exchanges may be considered:

+ Trading on unlicensed platforms

+ Not fully declaring taxes

+ Potential risks:

+ Tax recovery on transactions that have occurred

+ Administrative penalties for violating foreign exchange / tax management regulations

🙏🏾In a tighter scenario:

+ Restricting cash flow in and out of foreign exchanges

+ Requiring explanations of profit sources

+ In reality, the state does not need to ban crypto, just needs:

"Want to trade legally → go to domestic exchanges → pay taxes."

❌🙏🏾 Proposed penalties:

- Organizations: up to 200 million VND

- Individuals: up to 100 million VND