Vietnam firms vie for crypto licences as Hanoi plans ban on overseas trading - News Summed Up

Vietnam firms vie for crypto licences as Hanoi plans ban on overseas trading


A man uses a mobile device in a coffee shop in Hanoi, Vietnam, on May 18, 2018. Hanoi plans to roll out a pilot scheme for locally run digital asset exchanges as soon as this month, according to a government resolution issued in ​February, as part of ⁠a broader effort to tighten oversight of crypto trading and capital flows. The finance ​ministry ‌is drafting new rules that would prohibit Vietnamese nationals from trading on overseas crypto platforms. Although there is no explicit ban on owning cryptocurrencies, digital assets are not recognised as money or a legal means of payment in Vietnam. As a result, ⁠most Vietnamese traders currently use overseas centralised exchanges such as Binance, OKX and Bybit, market ​participants say.


Source: Bangkok Post March 17, 2026 17:59 UTC



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