The Vietnamese finance ministry is drafting rules that would prohibit citizens from trading on overseas cryptocurrency platforms as local private banks and brokerages prepare to operate the country’s first licensed exchanges.
Reuters reported the development on Tuesday, citing a March 12 finance ministry document reviewed by the news agency, following a government resolution issued in February.
According to the report, authorities have grown increasingly concerned about the use of cryptocurrencies and stablecoins amid a rise in popularity regionally, increasing the risks of uncontrolled capital outflows.
Vietnam ranks fourth globally on the Chainalysis Global Crypto Adoption Index, with traders moving more than $200 billion in digital assets in the 12 months through June 2025. Chainalysis data also shows that, within APAC, Vietnam’s crypto usage is integrated into remittances, savings, and gaming, reflecting a broader pattern of everyday infrastructure adoption.
Preparations to restrict domestic users from accessing overseas platforms come as a group of domestic lenders and brokerages reach advanced stages in the race to secure a license under the government’s pilot program, which requires firms to meet strict capital, ownership, and operational criteria.
Five firms have passed the initial licensing qualification, according to Reuters, including affiliates of Techcombank, VPBank, LPBank, stockbroker VIX Securities, and conglomerate Sun Group.
In February, the Ministry of Finance said a total of at least 10 domestic banks and securities firms had signaled interest in applying, with preparatory work ongoing for infrastructure, partnerships, and regulatory compliance.
The licensing pilot requires a minimum contributed charter capital of 10 trillion dong, or nearly $400 million, and caps foreign ownership at 49%, marking one of the region’s highest thresholds for entry.
© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
