Vietnam Considers Overseas Crypto Trading Ban, Eyes Domestic Exchange Pilot
Vietnam's Ministry of Finance is proposing a ban on citizens trading on overseas cryptocurrency exchanges while advancing a pilot program for licensed domestic platforms. This dual approach aims to address concerns over financial stability and capital outflow.
Chainalysis data shows Vietnam recorded over $200 billion in crypto transactions in the 12 months leading up to June 2025, ranking fourth globally. Five entities, including those linked to Techcombank and VPBank, have qualified for the domestic exchange pilot, requiring a minimum paid-up capital of approximately $400,000 USD.
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