DAILY CRYPTO INSIGHTS #973

Vietnam will pilot more than 1 cryptocurrency exchange

At the Government press conference on August 7, Deputy Minister of Finance Nguyen Duc Chi stated:

• The Ministry of Finance has completed the project to build the cryptocurrency market, after consulting international experience and organizing many professional workshops.

• The project has been reported to the Government and is awaiting the Politburo's opinion for pilot implementation.

• Not just 1 exchange, but there will be more than 1 exchange licensed for piloting, although the number will still be limited to ensure good control.

• Participating organizations must meet requirements regarding technology, finance, processes, and professional capacity.

• The private sector is encouraged to participate, in line with the spirit of Resolution 68 on developing the private economy.

📌 If approved soon, the regulatory framework will be issued immediately in August 2025.