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The Ministry of Finance released “Decision No. The Ministry of Finance issued “Decision No.
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If all rules are followed, licensed crypto exchanges may begin operating as early as march.
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Several banks and investment firms are already interested in entering the market.
Vietnam has begun officially accepting applications for pilot licenses from crypto exchanges. This is the first time that the country has brought crypto trading platforms within a formal regulatory framework. This is a major shift that brings the exchanges under the government’s rules and ends a long period of uncertainty about their legal standing.
The Ministry of Finance released “Decision No. The Ministry of Finance issued “Decision No.
- Allowing companies to request a license for operation
- Changing existing licenses
- Revocation of licenses is necessary
Applications are now being accepted and licensed crypto exchanges may begin operating as early as March 20, 2026, if all requirements have been met.
SSI Securities (Techcombank), VPBank and other banks and investment firms have already expressed interest in entering the market when licensing begins.
The pilot program is based upon a government resolution (No. The pilot program is based on a government resolution (No. The new license program forms a crucial part of the overall plan to regulate the market and protect investors.
Strict Entry Requirements
Companies that wish to operate a crypto-exchange in Vietnam must adhere to strict rules. They must:
- Be a legally registered company in Vietnam
- You must have at least 10 trillion VND (about 380 million dollars) in capital from large investors
- Make sure that the majority of this money (over 65%) comes from institutions such as banks, investment firms or insurance companies
- Be compliant with cybersecurity, anti-money-laundering, and governance standards
The rules are intended to ensure that only professionally managed and well-capitalized companies operate regulated cryptocurrency markets in Vietnam.
The country has one the busiest cryptomarkets in the Asia-Pacific region. Chainalysis data shows that from mid-2024 until mid-2025 the total trading value ranged between $220 billion and $230. This is over $600 million in crypto traded each day, indicating a large number of users.
The Vietnamese government is licensing local trading platforms to bring this activity under official regulations, which will support a safer and more stable future for the industry.
Related toVietnam to license only five crypto exchanges in a pilot program before 2026
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