Huo Xing Finance reports that, in September 2025, the Vietnamese government issued a resolution launching a national pilot framework for crypto assets. The framework requires crypto assets issued domestically to be backed by real-world assets, excluding securities and fiat currencies, and will initially be open only to foreign investors. Boston Consulting Group estimates that the global market for tokenized real-world assets could exceed $1.4 trillion by 2030. The Vietnamese State Securities Commission stated that five companies have passed the preliminary evaluation for establishing exchanges; final approval requires meeting Level 4 information security standards and maintaining approximately $383 million in registered capital. On July 16, the Vietnamese government issued a decree imposing fines of $1,150 to $1,918 for violations in the crypto asset market, with the decree taking effect today. Domestic investors will not be immediately penalized for trading on unlicensed platforms; the requirement to trade exclusively through licensed entities will take effect six months after the Ministry of Finance issues its first exchange license.
Vietnam Launches Crypto Asset Pilot Framework, Global Tokenized Market Expected to Exceed $14T by 2030
MarsBitShare
Summary
In September 2025, Vietnam introduced a compliance framework for crypto assets, requiring domestic tokens to be backed by real-world assets, excluding securities and fiat currency. The pilot program is open exclusively to foreign investors. Five firms have passed initial exchange setup inspections and must meet a four-level security standard and hold $383 million in capital. A decree issued on July 16 established fines ranging from $1,150 to $1,918 for violations in the crypto market. Domestic traders will not face penalties for now, but licensed exchanges must be operational within six months of the first license being issued. The National Securities Commission emphasized that classifying crypto assets is a key component of the regulatory rollout.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.