Vietnam Plans to Ban Citizens from Trading on Overseas Crypto Platforms, Domestic Exchanges Enter Pilot License Selection Phase

SmartContractAuditor · 2026-03-17T14:22:35+00:00

Vietnam's Ministry of Finance plans to ban citizens from trading on overseas crypto platforms while advancing a domestic exchange licensing pilot to address capital flight risks. Data shows Vietnam's crypto trading volume exceeds $200 billion, ranking fourth globally. Currently, 5 institutions have passed qualification reviews, with new exchange applicants required to have a minimum registered capital of 10 billion Vietnamese dong, with foreign ownership capped at 49%.

SmartContractAuditor

2026-03-17 14:22:35

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Odaily Planet Daily reports that Vietnam’s Ministry of Finance is drafting regulations to prohibit its citizens from trading on overseas cryptocurrency platforms. At the same time, they are piloting licensing for domestic crypto exchanges. This move stems from regulators’ concerns about the rising risk of capital outflows caused by the popularity of cryptocurrencies and stablecoins. Chainalysis data shows that Vietnam’s crypto trading volume exceeded $200 billion in the 12 months ending June 2025, ranking fourth globally in crypto adoption index. Crypto assets have been integrated into cross-border remittances, savings, and gaming scenarios. Currently, five institutions, including Techcombank, VPBank, affiliates of LPBank, broker VIX Securities, and comprehensive enterprise Sun Group, have passed the initial qualification review. The pilot requires applicants to have a minimum paid-in registered capital of 10 billion VND (about $4 million), with a foreign ownership limit of 49%.

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