Ministry of Finance: Has not received an official proposal from businesses on piloting crypto assets

Regarding the number of crypto-asset businesses considered for licensing, Mr. Nguyen Duc Chi expressed hope that many businesses would be interested, but a maximum of 5 businesses would only be licensed according to pilot regulations.

Mr. Nguyen Duc Chi, Deputy Minister of Finance , speaking at the press conference - Photo: HONG QUANG

At the regular Government press conference on the afternoon of October 5, answering the question about how many crypto-asset businesses are being considered for licensing, Mr. Nguyen Duc Chi - Deputy Minister of Finance - said that a regular quarterly press conference had been held and provided information on this issue.

Immediately after the Government issued Resolution 05, the Ministry of Finance issued a detailed plan for implementation, focusing on developing detailed regulations to pilot the crypto-asset trading market.

In particular, the ministry has assigned units to draft operations and tasks such as tax policies for transactions, fees, and charges on crypto assets, and to develop regulations related to accounting for these activities for businesses and related business entities.

In particular, the Ministry is developing a coordination regulation in the implementation of the Ministry of Finance with other ministries such as the Ministry of Public Security and the State Bank for consideration, licensing and approval.

Regarding the number of proposed enterprises, the Deputy Minister of Finance said that he has not received any official proposals, but has information that a number of enterprises are implementing and preparing for this activity; including registering business lines and participating in the crypto asset market.

Enterprises also met at the technical level with officials of the Ministry of Finance to discuss information technology, business processes, capital capacity... and the officials provided information so that enterprises could have the fastest and most accurate information for ministries and branches to consider and license crypto asset transactions.

Regarding the specific number, Mr. Chi expressed hope that many businesses will be interested, but a maximum of 5 businesses will be licensed according to the pilot regulations.

It is expected that the parties will implement as soon as possible so that businesses can be licensed and operate in this field in the market.

"Hopefully this will come sooner than 2026, but it depends on whether businesses meet the requirements or not and the parties will soon speed up the issue," Mr. Chi said.

NGOC AN - HONG QUANG

Source: https://tuoitre.vn/bo-tai-chinh-chua-nhan-duoc-de-xuat-chinh-thuc-cua-doanh-nghiep-ve-thi-diem-tai-san-ma-hoa-20251005162818931.htm