Vietnamese companies are competing for the first domestic cryptocurrency license as the government plans to limit overseas trading, promoting a pilot program for local digital asset exchanges.
Vietnamese companies are actively vying for the country's first cryptocurrency license as the government plans to restrict trading activities on overseas platforms. Local regulators are expected to launch a pilot program for domestic digital asset exchanges this month, aimed at strengthening oversight of crypto trading and capital flows. This initiative reflects concerns over the rapid proliferation of cryptocurrencies, with Vietnam being one of the most active markets globally.
Qualified applicants include banks and large enterprises.
According to reports, a document released by the Ministry of Finance on March 12 indicates that five companies have passed the preliminary review and entered the next stage of the application process…