Odaily Planet Daily reports: Vietnam is piloting a cryptocurrency asset market through a prudent regulatory framework, enhancing investor protection while opening up financing channels. Vietnam’s Government Resolution No. 05, issued in September 2025, stipulates that cryptocurrency assets must be backed by RWA, excluding securities and fiat currencies, and will initially be issued only to foreign investors. Five companies have already passed preliminary evaluations by cryptocurrency exchanges, requiring compliance with Level 4 security standards and a minimum capital contribution of 10 trillion Vietnamese dong, approximately $383 million. Vietnam’s Decree No. 284, enacted in July, will impose penalties on trading activities conducted by unlicensed platforms starting September 1; domestic investors may only transact through licensed service providers six months after the first institution receives a license from the Ministry of Finance.
Vietnam Pilots Crypto Market with $383M Minimum Capital Requirement
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Summary
Vietnam is testing a regulated crypto market with a $383 million minimum capital requirement, focusing on RWA-backed assets and excluding securities. Five firms have passed initial reviews, requiring Level 4 security and 10 trillion VND in capital. Liquidity and crypto markets will be closely monitored under Decree No. 284, which penalizes unlicensed platforms starting September 1, 2026. Investors must use licensed providers six months after the first license is issued. The framework also paves the way for future capital gains tax policies.
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