🚨 Vietnam opens licensing for crypto exchanges (pilot program)
If you are interested in crypto in Vietnam, I think you should not miss this information 👇
🗓 What is happening?
From 20/01/2026, Vietnam will officially start receiving applications for licensing digital asset exchanges. This is a pilot program lasting 5 years, aimed at testing safe management of the crypto market.
⚖️ Crypto has a place in the law
The new law has:
Recognizing crypto as an asset
Not legal tender
Not to be used for payment
This means that crypto is no longer 'ambiguous', but is still not completely free.
🏦 Not everyone can open an exchange
To be licensed, businesses must:
Is a Vietnamese company
Has very large capital
Strictly comply with security requirements, risk management, anti-money laundering
Limit foreign ownership ratio
👉 Therefore, the initial phase will only have very few exchanges eligible to participate.
🔒 What does the state want to achieve?
I understand it simply like this for you to visualize easily:
Protect crypto users
Reduce fraud, less transparent exchanges
Market management towards stability – with control
Avoid overheating growth
📌 Users need to pay attention
Crypto in Vietnam is entering a regulated phase
But still in testing
You should prioritize understanding the law – managing risks – protecting capital
✨ Conclusion
In my opinion, this is an important turning point for crypto in Vietnam. For you as a newcomer, this is a suitable time to learn – understand – prepare, rather than jumping into the market impulsively.
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