Vietnam Launches Strict 5-Year Crypto Pilot Program
Vietnam's government has approved a tightly regulated cryptocurrency pilot program set to run from September 2025 through 2030. The framework imposes stringent requirements on token issuers and trading platforms, with minimum capital requirements of 10 trillion Vietnamese Dong (approximately $400 million) for market operators.
Foreign ownership in licensed crypto businesses is capped at 49%, while domestic participants face rigorous staffing and experience requirements. The program represents Vietnam's cautious approach to digital asset regulation, balancing market development with robust oversight.