Cryptocurrency pilot officially starts from September 9, businesses must have a charter capital of 10,000 billion VND

tài sản mã hóa - Ảnh 1. — Many Vietnamese users participate in investing in cryptocurrency - Photo: CONG TRUNG

Resolution regulating the pilot implementation of offering and issuance of crypto assets, organization of crypto asset trading market and provision of crypto asset services; state management of crypto asset market in Vietnam.

Pilot implementation of the principle of caution and control

The pilot implementation of the crypto-asset market is carried out on the principles of caution, control, a roadmap suitable to practice, safety, transparency, efficiency, and protection of the legitimate rights and interests of organizations and individuals participating in the crypto-asset market.

Organizations and individuals participating in the market must ensure the accuracy, honesty, completeness, timeliness and non-misleadingness of published information; comply with regulations on issuance, trading, insider information, and the purpose of using crypto assets and be licensed by the Ministry of Finance .

The offering, issuance, trading and payment of crypto assets must be made in Vietnamese Dong. The issuer of crypto assets must be a Vietnamese enterprise, registered to operate as a limited liability company or a joint stock company under the Enterprise Law.

Accordingly, crypto assets must be issued based on underlying assets that are real assets, excluding assets that are securities or fiat money;

Crypto assets are only offered and issued to foreign investors;

Crypto assets may only be traded between foreign investors through crypto asset service providers licensed by the Ministry of Finance.

Domestic investors holding crypto assets and foreign investors are allowed to open accounts at crypto asset service providers licensed by the Ministry of Finance to deposit, buy and sell crypto assets in Vietnam.

After a period of 6 months from the date the first crypto-asset service provider is licensed, domestic investors who trade crypto-assets without going through a crypto-asset service provider licensed by the Ministry of Finance, depending on the nature and severity of the violation, will be subject to administrative sanctions or criminal prosecution in accordance with the law.

What crypto asset services are offered?

Crypto asset service providers are allowed to perform and provide the following services and activities: organizing crypto asset trading markets; trading crypto assets; depositing crypto assets; and providing crypto asset issuance platforms.

Crypto asset transactions must be conducted through crypto asset service providers licensed by the Ministry of Finance.

Accordingly, the condition for providing services to organize the crypto asset trading market is that the enterprise is a Vietnamese enterprise with a minimum contributed charter capital of VND 10,000 billion.

Along with that are regulations on conditions for shareholders, capital contributors, having a working office, having adequate facilities, techniques, equipment, office equipment, and technology systems suitable for providing crypto asset services;

The conditions on personnel and business processes with the information technology system of the organization providing crypto-asset services must meet the level 4 standards of information technology system security according to the law on information security before being put into operation and exploitation.

The Resolution takes effect from September 9. The pilot implementation period is 5 years from the date the Resolution takes effect.

After the end of the pilot period, the crypto-asset market will continue to operate according to this resolution until there are legal regulations to amend, supplement or replace it.

NGOC AN

Source: https://tuoitre.vn/chinh-thuc-thi-diem-tien-ma-hoa-tu-9-9-doanh-nghiep-phai-co-von-dieu-le-10-000-ti-dong-20250909185656589.htm