Only 5 businesses are allowed to pilot crypto asset trading

“We hope that many businesses will be interested, but at most only 5 businesses will be allowed to pilot crypto-asset trading. The Ministry of Finance is implementing as quickly as possible so that the first businesses will be eligible for the license as soon as possible,” Deputy Minister of Finance Nguyen Duc Chi said at a recent Government Press Conference.

Deputy Minister of Finance Nguyen Duc Chi answered questions from the press at the Government Press Conference held on the afternoon of October 5. Photo: VGP

According to Mr. Nguyen Duc Chi, the Ministry of Finance hopes to soon pilot crypto-asset transactions, but it still depends on businesses' preparation of sufficient conditions.

Immediately after the Government issued Resolution No. 05/2025/NQ-CP on piloting the crypto asset market in Vietnam, the Ministry of Finance developed a detailed plan, focusing on developing detailed Decrees to be able to pilot the crypto asset trading market.

“We have assigned units to draft related contents such as: Tax policies for transactions, fees, charges in crypto-asset transactions...; at the same time, develop related regulations on accounting for this activity for businesses as well as participants. In particular, the Ministry of Finance develops a coordination process between the Ministry of Finance and a number of related ministries and branches such as the Ministry of Public Security , the State Bank of Vietnam... to complete the licensing procedures", said Deputy Minister of Finance Nguyen Duc Chi.

Up to now, the Ministry of Finance has not received any requests from businesses, but some businesses have expressed interest; at the same time, they have prepared for the above activities such as registering business lines to participate in the crypto-asset market; coordinating at the technical level with officials of the Ministry of Finance to discuss issues on information technology, staff capacity, capital requirements, business processes, etc.

Source: https://baotintuc.vn/kinh-te/toi-da-chi-co-5-doanh-nghiep-duoc-thi-diem-giao-dich-tai-san-ma-hoa-20251005172819048.htm