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Vietnam to Pilot Local Crypto Exchanges with Strict Capital Requirements

Vietnam to Pilot Local Crypto Exchanges with Strict Capital Requirements

Published:
2025-09-11 07:15:02
18
3
BTCCSquare news:

Vietnam has approved a five-year trial allowing domestic companies to operate cryptocurrency trading platforms, with transactions mandated in Vietnamese dong. The resolution imposes a steep capital requirement of VND 10 trillion (~$380M) for issuers and restricts foreign ownership to 49%.

Only profitable Vietnamese firms with 65% institutional investor backing qualify. This contrasts sharply with Vietnam's high crypto adoption—over 20% of citizens hold digital assets, per Triple-A data—suggesting regulatory caution despite grassroots demand.

|Square

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