Vietnam targets 2026 launch for first licensed crypto service providers
- —Vietnam plans to license its first crypto platforms in 2026
- —Five firms passed initial screening; no final licenses issued as of Aug. 30
- —Minimum charter capital is 10 trillion dong (~$383 million); foreign ownership capped at 49%
- —Penalties of up to 200 million dong for unlicensed services took effect Sept. 1
Why it matters: Vietnam is building one of Southeast Asia's largest regulated crypto markets, potentially opening local capital to exchanges and investors.
Source: Cryptonews.net