Many companies in Vietnam have applied for cryptocurrency exchange licenses, and 5 companies have passed the preliminary qualification review

By: rootdata|2026/03/17 18:42:00

0

Share

copy

According to Reuters, Vietnam plans to launch a pilot project for licensed cryptocurrency exchanges as early as this month to restrict domestic users from trading on foreign platforms and strengthen capital flow regulation.

Documents from the Vietnamese Ministry of Finance show that 5 companies have passed the preliminary qualification review, including affiliated institutions of three private banks: Techcombank, VPBank, and LPBank, as well as the securities brokerage VIX Securities and the large private enterprise group Sun Group. The pilot period is 5 years, with a maximum of 5 licensed exchanges allowed, and the entry threshold is high, requiring a minimum registered capital of 100 trillion Vietnamese dong (approximately 37.9 million USD), with foreign ownership not exceeding 49%. The Ministry of Finance is drafting relevant regulations that aim to prohibit Vietnamese citizens from trading on foreign cryptocurrency platforms, with violators facing fines of up to 100 million Vietnamese dong (approximately 3,800 USD).

Analysts point out that this ban may force over 17 million cryptocurrency holders in Vietnam to withdraw from foreign exchanges such as Binance and Bybit. The enforcement timeline is clear, set to officially take effect 6 months after the first licenses are issued.

You may also like

What can we expect from the crypto market after the SEC and CFTC join forces?

What can we expect from the crypto market after the SEC and CFTC join forces?

Regulation is the starting point, and the bull market depends on the entry of traditional capital.

Hawkish Signal in Tightening Mode | Rewire News Brief

Hawkish Signal in Tightening Mode | Rewire News Brief

Maintaining the interest rate unchanged is within expectations; beyond expectations is the dot plot

x402 and AI Agents: An Emerging Data Economy

x402 and AI Agents: An Emerging Data Economy

x402 How to Perfectly Combine with Data Aggregation and Management?

Illustration: Despite 6 consecutive interest rate cuts, the interest rate outlook is trending upward

Illustration: Despite 6 consecutive interest rate cuts, the interest rate outlook is trending upward

Nobody knows the answer, including the Fed itself

SpaceX is playing hardball with Nasdaq at the negotiation table, while Hyperliquid has already flipped the table.

SpaceX is playing hardball with Nasdaq at the negotiation table, while Hyperliquid has already flipped the table.

A Cross-Section of Capital Market Gravity Direction Change

Bloomberg: Once Blacklisted by the U.S., Bitmain Finds a New Powerful Backer

Bloomberg: Once Blacklisted by the U.S., Bitmain Finds a New Powerful Backer

Bitmain has been embroiled in mining rig security controversies for years, but that has not stopped it from engaging in business partnerships with key members of the US presidential family.

Three Charts Explain Why S&P Authorized Its Brand to trade.xyz

Over 100x Growth in 6 Months

After the SEC and CFTC Join Forces, What Can the Crypto Market Look Forward To?

After the SEC and CFTC Join Forces, What Can the Crypto Market Look Forward To?

Regulation is the starting point; a bull market depends on traditional fund inflows

Revisiting RWA: Nearly 50,000 people's first on-chain transaction was not Bitcoin, but stock indices and crude oil

Revisiting RWA: Nearly 50,000 people's first on-chain transaction was not Bitcoin, but stock indices and crude oil

The narrative of RWA is not about traditional finance capturing crypto users, but rather crypto capturing traditional users.

Morning Report | Kraken freezes IPO plans due to difficult market conditions; Polymarket acquires DeFi infrastructure Brahma; World launches AgentKit integrated with Coinbase

Morning Report | Kraken freezes IPO plans due to difficult market conditions; Polymarket acquires DeFi infrastructure Brahma; World launches AgentKit integrated with Coinbase

Overview of Important Market Events on March 18

Bitmain, mired in controversy, has found its strongest backing in the United States

Bitmain, mired in controversy, has found its strongest backing in the United States

Bitmain has been mired in controversies over the safety of its mining machines for years, but this has not stopped it from engaging in business cooperation with key members of the U.S. presidential family.

Full text of the Federal Reserve's decision: Maintain interest rates unchanged and expect one rate cut within the year, with Governor Mulan casting a dissenting vote

Full text of the Federal Reserve's decision: Maintain interest rates unchanged and expect one rate cut within the year, with Governor Mulan casting a dissenting vote

The Federal Reserve has again kept interest rates unchanged, stating that the situation in the Middle East has an uncertain impact for now. Governor Milan believes that interest rates should be cut by 25 basis points. The dot plot still indicates an expected rate cut once this year.

Guarding billions in assets, yet unable to sustain itself: Tally bids a dignified farewell after five years

Guarding billions in assets, yet unable to sustain itself: Tally bids a dignified farewell after five years

Tally chooses to take proactive stop-loss measures instead of stubbornly selling tokens and making promises that cannot be fulfilled.

SEC’s Stance on Crypto Assets: Most Not Considered Securities

SEC’s Stance on Crypto Assets: Most Not Considered Securities

Key Takeaways: The SEC’s new interpretation categorizes most crypto assets as non-securities under federal law. This move aims…

South Korea’s New Crypto Seizure Guidelines After Asset Mismanagement Incidents

South Korea’s New Crypto Seizure Guidelines After Asset Mismanagement Incidents

Key Takeaways: South Korea’s National Police Agency (KNPA) has drafted guidelines for crypto seizure, with a focus on…

Institutional Confidence in Crypto’s 2026 Growth Trajectory

Institutional Confidence in Crypto’s 2026 Growth Trajectory

Key Takeaways: A significant 73% of institutional investors plan to increase their crypto holdings by 2026. Exchange-traded products…

Ethereum Reduces Bridge Times by 98% with Fast Confirmation Rule

Ethereum Reduces Bridge Times by 98% with Fast Confirmation Rule

Key Takeaways: Ethereum introduces the Fast Confirmation Rule (FCR) aiming to cut bridge times from L1 to L2…

Crypto Firms Advocate DeFi Education in US Colleges

Crypto Firms Advocate DeFi Education in US Colleges

Key Takeaways: Twenty-one crypto organizations have called on US colleges to integrate decentralized finance (DeFi) into their curricula…

What can we expect from the crypto market after the SEC and CFTC join forces?

Regulation is the starting point, and the bull market depends on the entry of traditional capital.

Hawkish Signal in Tightening Mode | Rewire News Brief

Maintaining the interest rate unchanged is within expectations; beyond expectations is the dot plot

x402 and AI Agents: An Emerging Data Economy

x402 How to Perfectly Combine with Data Aggregation and Management?

Illustration: Despite 6 consecutive interest rate cuts, the interest rate outlook is trending upward

Nobody knows the answer, including the Fed itself

SpaceX is playing hardball with Nasdaq at the negotiation table, while Hyperliquid has already flipped the table.

A Cross-Section of Capital Market Gravity Direction Change

Bloomberg: Once Blacklisted by the U.S., Bitmain Finds a New Powerful Backer

Bitmain has been embroiled in mining rig security controversies for years, but that has not stopped it from engaging in business partnerships with key members of the US presidential family.

Popular coins

Latest Crypto News

15:42

Spot gold fell below 4800 USD/ounce, with a daily decline of 1.27%

According to Gate market data, spot gold has fallen below 4800 USD/ounce, currently reported at 4756.08 USD/ounce, with a daily decline of 1.27%. Spot silver is currently reported at 71.97 USD/ounce, with a daily decline of 4.48%.

15:42

Data: MakerDAO co-founder Rune continues to increase short positions on the S&P 500, with a position size reaching 2.57 million USD

According to monitoring by Hyperinsight, in the past hour, the address associated with MakerDAO co-founder Rune (0x30d3...) has rolled over and increased its short position in SP500 (S&P 500 mapping contract), accumulating an additional 68.76 contracts, valued at approximately $454,000.After continu...

15:42

Block quietly rehired some employees after layoffs, and the CEO admitted that there were mistakes in the previous decision

According to Cointelegraph, payment company Block (which owns Square, Cash App, and Afterpay) has quietly recalled some employees this month after laying off about 4,000 people at the end of February this year. Several employees have stated on LinkedIn that they received invitations to return, citin...

15:42

The supply of stablecoins on the Solana network has surpassed 17 billion USD, setting a new historical high

According to Artemis data, the supply of stablecoins on the Solana network has surpassed $17 billion, setting a new historical high.

15:42

Data: Over 60 million dollars in liquidations across the entire network in the past hour, with a single BTC liquidation of 43.39 million dollars

According to Coinglass data, the total liquidation across the network in the past hour was $61.71 million, with long positions liquidated at $59.76 million and short positions liquidated at $1.94 million. Among them, BTC liquidation was $43.39 million and ETH liquidation was $15.85 million.