Under the current pilot program, only Vietnamese companies can apply for exchange licenses, with a minimum capital requirement of about 10 trillion Vietnamese dong, or roughly $380 million to $400 million. Foreign ownership is capped at 49%, and applicants must meet strict requirements for governance, cybersecurity, anti-money laundering compliance and operational resilience.
“This would not only contribute to state budget revenues but also promote the growth of the domestic digital economy,” he told Reuters reporters Khanh Vu and Phuong Nguyen.
FAQ Is crypto legal in Vietnam?Cryptocurrency ownership is allowed, but it is not recognized as legal tender for payments. Will Vietnam ban Binance and other foreign exchanges? Authorities are drafting rules that would prohibit citizens from trading on overseas platforms. Who can operate crypto exchanges in Vietnam? Only domestic companies meeting strict capital and compliance requirements can apply for licenses. When will Vietnam’s crypto rules take effect? The overseas trading restriction is still in draft form, while licensed exchanges could launch during the 2026 pilot phase.
