#越南加密政策 #越南加密政策 The draft "Virtual Asset Market Management" released by the State Bank of Vietnam at midnight on June 16, 2025, is causing severe fluctuations in the crypto market. Its policy core includes three sets of contradictory games:

1. Fiat currency channel game: The draft allows licensed exchanges to open direct trading of the Vietnamese Dong (currently, only five platforms with a market share of 17% meet the conditions), but requires freezing 50% of crypto assets as reserves. As a result, the OTC premium for USDT on the largest OTC market in Vietnam, the Ho Chi Minh City money exchange network, has reached 8.3%.