After Resolution 05, a series of 'big players' in blockchain unexpectedly withdrew from the Vietnamese market!
Blockchain enterprises simultaneously ceased services in Vietnam According to the article in Thanh Niên newspaper, right after the Resolution 05/2025/NQ-CP of the Government on piloting the cryptocurrency market took effect, many leading blockchain enterprises in Vietnam announced they would stop serving domestic users. On September 10, Ninety Eight – a blockchain startup owning the Coin98 wallet – announced: “To comply with the new legal regulations in Vietnam related to cryptocurrency, from today, Coin98 Wallet will temporarily suspend services for users who are citizens or residents of Vietnam.”
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