US EditionVietnam pushes local crypto exchanges as Hanoi moves to block offshore trading
- On Tuesday, March 17, Hanoi advanced plans for a pilot scheme for locally run digital asset exchanges as Vietnamese firms race to secure licenses to curb reliance on overseas platforms.
- Vietnam ranked fourth globally in last year's Global Crypto Adoption Index, with transactions exceeding $200 billion; authorities now seek tighter oversight of capital flows and reduce reliance on platforms like Binance.
- A March 12 Finance Ministry document confirmed five companies cleared initial screening, including affiliates of Techcombank, VPBank, and LPBank, along with VIX Securities and the Sun Group conglomerate.
- Vietnam Blockchain and Digital Assets Association Chairman Phan Duc Trung said domestic exchanges could "contribute to state budget revenues," while cautioning the legal framework remains incomplete on supervision and taxation.
- The Finance Ministry is drafting rules to prohibit Vietnamese nationals from trading on overseas crypto platforms, aiming to reduce risks of uncontrolled capital outflows as domestic crypto usage rises.
18 Articles
18 Articles
Vietnam firms vie for crypto licences as Hanoi plans ban on overseas trading
Vietnamese companies are competing to launch the country’s first licensed cryptocurrency exchanges as the government moves to curb trading on overseas platforms in one of the world’s most active crypto markets.Read MoreThe post Vietnam firms vie for crypto licences as Hanoi plans ban on overseas trading first appeared on The Who Dat Daily.The post Vietnam firms vie for crypto licences as Hanoi plans ban on overseas trading appeared first on Th…
Vietnam Eyes Domestic Crypto Exchanges as Overseas Trading Faces Ban - Vietnam Insider
Banks and conglomerates race for licenses as Hanoi moves to control one of the world’s busiest crypto markets The post Vietnam Eyes Domestic Crypto Exchanges as Overseas Trading Faces Ban appeared first on Vietnam Insider.
Vietnamese Firms Vie for First Domestic Crypto Licenses Amid Overseas Trading Limits
Vietnam moves to pilot local crypto exchanges, limiting overseas trading and outflows. Banks and conglomerates lead domestic license applications to tap the growing crypto market. Local exchanges could retain fees, boost the digital economy, and support government revenue. Vietnamese companies are racing to secure the country’s first domestic cryptocurrency licenses as the government moves to limit trading on overseas platforms. Authorities plan…
Vietnam Set to Block Binance and OKX as It Launches State-Approved Crypto Exchanges
Key Highlights Vietnam intends to restrict access to international cryptocurrency platforms Traders will likely need to operate exclusively through government-approved domestic exchanges Initial approval granted to five companies for pilot exchange program Policy focused on tax collection, financial transparency, and capital flow management Regulatory pressure could drive users toward decentralized trading options Vietnam is advancing plans…
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