Vietnam to License Only Five Crypto Exchanges in Pilot Program Before 2026
- Vietnam limits crypto pilot to five exchanges, ensuring strict regulatory oversight.
- Vietnam’s crypto adoption ranks high, but legal protection remains unregulated.
- Vietnam’s cautious approach contrasts with stronger crypto regulations in Singapore, Japan.
Vietnam’s Ministry of Finance confirmed plans to start a cryptocurrency-exchange pilot program that will include no more than five licensed operators.
Deputy Finance Minister Nguyen Duc Chi said the move is part of a controlled rollout to evaluate market risks and investor protection before full legalization. He noted that no official proposals have been submitted yet but stressed that participants must meet capital, compliance, and consumer-protection requirements to qualify.
Framework Focuses on AML and Investor Safety
Officials plan to issue rules covering anti-money-laundering (AML) checks, capital …
Read The Full Article Vietnam to License Only Five Crypto Exchanges in Pilot Program Before 2026 On Coin Edition.
Read More
VARA Penalizes 19 Crypto Firms for Operating Without Licenses in Dubai
Vietnam to License Only Five Crypto Exchanges in Pilot Program Before 2026
- Vietnam limits crypto pilot to five exchanges, ensuring strict regulatory oversight.
- Vietnam’s crypto adoption ranks high, but legal protection remains unregulated.
- Vietnam’s cautious approach contrasts with stronger crypto regulations in Singapore, Japan.
Vietnam’s Ministry of Finance confirmed plans to start a cryptocurrency-exchange pilot program that will include no more than five licensed operators.
Deputy Finance Minister Nguyen Duc Chi said the move is part of a controlled rollout to evaluate market risks and investor protection before full legalization. He noted that no official proposals have been submitted yet but stressed that participants must meet capital, compliance, and consumer-protection requirements to qualify.
Framework Focuses on AML and Investor Safety
Officials plan to issue rules covering anti-money-laundering (AML) checks, capital …
Read The Full Article Vietnam to License Only Five Crypto Exchanges in Pilot Program Before 2026 On Coin Edition.
Read More