Southeast Asia Information Port (www.dnyxxg.com) – According to an announcement from the Vietnam State Securities Commission, applications for service licenses to organize cryptocurrency trading markets officially commenced on January 20th. This move opens up broader prospects for attracting foreign investment.
To implement the government's Resolution No. 5 regarding the pilot program for the cryptocurrency market, the Vietnamese Minister of Finance issued Decision No. 96, announcing three new administrative procedures in this field, including the issuance, adjustment, and revocation of licenses to provide services to organize cryptocurrency trading markets. Applications will be accepted starting January 20, 2026.
Experts analyze that Vietnam's issuance of the first batch of pilot licenses for cryptocurrency trading platforms is seen as a crucial step in attracting legitimate foreign investment. Tran Xuan Tien, Secretary General of the Ho Chi Minh City Blockchain Association, believes that the minimum registered capital requirement of 10 trillion VND is not only a technical threshold but also acts as a "filter," selecting financial institutions with sufficient capabilities, thereby building confidence among international investors.
Tran Quy, Director of the Vietnam Institute for Digital Economy Development and Chairman of the digital asset platform MetaDAP, stated that previously, investment funds in this sector mainly flowed through difficult-to-monitor channels. Under the new legal framework, foreign investors can participate in the market through indirect investment capital accounts opened with custodian banks. This helps the state monitor capital flows, enhances transparency, and creates conditions for attracting funding to domestic blockchain projects.
From a risk management perspective, Nguyen The Minh, Research Director of Yuanta Securities (Vietnam), believes that with the enactment of the Digital Technology Industry Law and the licensing of the first batch of trading platforms, 2026 will be a turning point for Vietnam's cryptocurrency market, significantly reducing fraud cases related to digital assets.
Furthermore, Tran Hung Son, Director of the Institute for Banking Technology Development at Ho Chi Minh City University of Economy and Law, emphasized that the state will implement strict management mechanisms including licensing, regulation of trading platform activities, identity verification, and anti-money laundering. However, he also pointed out that improving the legal system needs to be accompanied by strengthening financial education to help investors fully understand the nature and risks of crypto assets, thereby protecting themselves in the new investment environment. (End)
