Vietnam has launched a pilot run by the country to allow the presentation, issuance and circulation of encryption assets under strict rules. The decision will take place on September 9, 2025, and it will last for five years.
According to the text of the procedure, the program tightly limits those who may issue symbols, which may manage commercial markets, and how foreign and local investors can participate.
The government electronic newspaper in Vietnam said on Tuesday that Deputy Prime Minister Vietnam, Doc Fook, signed the decision to determine a framework for issuing and circulating encryption assets.
Capital rules and high institutions
Organizations that want to run encryption markets must meet capital and ownership tests. The decision determines the minimum capital of the Charter, which is valued at 10,000 billion Vietnamese.
Institutions must retain at least 65 % of the charter capital by institutions, and they must be at least 35 % by founders such as commercial banks, securities, fund managers, insurance companies or technology companies.
Foreign ownership was crowned at 49 % licensed service providers. The rules of leadership and employees are also strict: the general manager must enjoy two years of relevant experience and the chief technology employee must have five years, which are decision -making cases.
Companies must employ at least 10 employees in technology roles with approved training for network security, and at least 10 employees with securities practice certificates. The Infotech system should meet the 4 -level information security standards before it is broadcast.
Support assets and access to the investor
Based on reports, symbols issued in the pilot should support real basic assets. Securities and currencies are not allowed as basic assets. Offers may be directed to foreign investors, and trading between foreign investors must occur through service providers licensed by the Ministry of Finance.
Exporters are required to publish relevant bulletin and documents at least 15 days before the offer. Participants are responsible for ensuring that general information is accurate and timely.
Patched services and risk controls
Crystate asset services service providers will be allowed to organize trading markets, provide nursery, operate issuance and self -party platforms within the bases. Service providers must have clear operations for risk management and deposit, asset transactions, transactions and payment, AML/CFT checks and monitor the financing of weapons of mass destruction.
Internal control systems and transaction monitoring should be in place, as well as procedures for dealing with conflicts of interest, customer complaints and compensation, according to the decision.
Trading and penalties controls
Local investors can open accounts with licensed service providers to deposit, buy and sell encryption assets. But six months after the first encrypted asset service provider, any local trading that exceeds licensed platforms will face administrative penalties or criminal prosecution depending on the severity of the violation.
Distinctive image from Unsplash, tradingvief chart
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