Piloting Crypto Asset Exchanges: Need to comply with Vietnamese laws

Responding to questions from the press regarding the pilot implementation of a crypto-asset trading floor, Deputy Minister of Finance Do Thanh Trung said that the Ministry of Finance is assigned the responsibility of completing the legal framework to handle crypto-assets, cryptocurrencies, etc. The Ministry of Finance coordinates with relevant ministries to study the current situation and international experience in management.

Accordingly, the Ministry of Finance also recommended that the Government acknowledge the existence and potential of digital assets. This is a very important viewpoint. In March 2025, the Government directed the Ministry of Finance to develop a legal framework for managing crypto assets.

The Ministry of Finance has coordinated with ministries and branches to implement this with the viewpoint and principle of being cautious, having a roadmap, suitable to reality, ensuring safety, transparency, and efficiency; protecting the rights and legitimate interests of individuals and organizations participating in the crypto market.

This implementation will be piloted in the crypto-asset trading and issuance market, promising to open a new capital mobilization channel for businesses in addition to traditional financial assets. However, the pilot implementation of the market must comply with the provisions of Vietnamese law and the laws of the countries where foreign investors participating in the crypto-asset market are citizens.

Based on the Government's direction, the Ministry of Finance has issued a document as a draft resolution of the Government to send to ministries and branches for comments in 2 recent documents (March 27 and 29). We will complete the review and get comments from the Ministry of Justice. Currently, we are synthesizing, receiving, and explaining the comments to complete the resolution before reporting to the Government.

Source: https://thoibaonganhang.vn/thi-diem-san-giao-dich-tai-san-ma-hoa-can-tuan-thu-cac-quy-dnh-cua-phap-luat-viet-nam-162374.html