Barrier of 10 trillion VND: The digital asset game in Vietnam is only for "giants"
After Decision 96/QĐ-BTC was issued, the Vietnamese cryptocurrency market is witnessing a fierce race among candidates with sufficient potential. TCBS has officially submitted its application, affirming its leading position in seizing opportunities from Resolution 05 of the Government. However, the licensing conditions are considered extremely stringent as they require a minimum charter capital of up to 10 trillion VND along with a team of personnel specialized in technology and finance. #anh_ba_cong
The emergence of large banks like #Techcombank in the digital asset trading segment helps standardize internal processes and risk management. This is a pressing requirement to protect users in the context of tax regulations and sanctions gradually being completed from 2026. The transfer of cryptocurrency through licensed exchanges will help clarify cash flows and prevent risks from the long-standing legal gray area. This is an important stepping stone for Vietnam not only to lead in crypto acceptance rates but also to have a modern and safe financial infrastructure. $BTC
