🚀 Vietnam is preparing to test cryptocurrency trading in the financial center starting from July 1, 2026. This is an important step in legalizing and managing the crypto market, opening up development opportunities for fintech and blockchain.
Sandbox testing for cryptocurrencies
📌 According to the draft resolution from the National Assembly, digital asset and cryptocurrency transactions will be tested under a sandbox model in the financial center.
📍 #TPHCM and Da Nang have been proposed as pilot locations, with strict management mechanisms to assess risks before nationwide expansion.
💡 The Financial Center Management Committee will have the authority to license, supervise, and control cryptocurrency trading activities. In particular, a specialized cryptocurrency exchange is also being considered for establishment, helping the market operate more transparently.
Risk control and investor protection
🔍 The government will issue strict management measures such as:
✔ Preventing money laundering and financial fraud in transactions #crypto .
✔ Regulations on the issuance and ownership of utility tokens.
✔ Cybersecurity controls for organizations providing cryptocurrency asset services.
✔ Managing mining activities to minimize impacts on energy and the environment.
👉 These regulations help cryptocurrencies develop in a safe and transparent manner, avoiding exploitation for illegal activities.
Towards a regional digital financial center
📅 The National Assembly is expected to consider and pass the resolution by mid-2025. If successfully implemented, Vietnam could become the leading digital financial center in the region, attracting international blockchain businesses and investment flows.
📢 This is a positive signal for the crypto market, affirming #Vietnam that cryptocurrencies are not banned but are aimed at control and leveraging the potential of digital assets. 🚀