Vietnam to Regulate Crypto Exchanges Amid Rising Scams and Investor Demand

Vietnam is taking decisive steps to bring cryptocurrency exchanges under regulatory oversight, responding to both surging investor interest and a wave of fraudulent activities. With an estimated 17 million digital asset holders and $105 billion in transaction volume, the market has reached a tipping point where formalization is no longer optional.

The absence of clear rules has created fertile ground for scams, eroding trust in a sector that could otherwise serve as a catalyst for financial innovation. Government intervention now aims to strike a balance—unlocking capital formation opportunities while implementing safeguards against bad actors.

Local institutions aren't waiting on the sidelines. Vietnamese banks and enterprises are already positioning themselves to launch compliant trading platforms, anticipating regulatory approval. The forthcoming decree will establish a sandbox for digital asset transactions, marking Vietnam's transition from crypto Wild West to regulated frontier.