cryptoregulationbattle

Vietnam is moving closer to formally regulating the cryptocurrency market, with new proposals that would tax crypto transactions in a manner similar to stock trading. The draft policy, recently released by the Ministry of Finance, has sparked widespread discussion among investors, industry participants, and policymakers.
0.1% Transaction Tax on Crypto Trades
Under the proposal, individuals who transfer or trade cryptocurrency through licensed service providers will be subject to a personal income tax of 0.1% on the total transaction value. This taxation model mirrors the current mechanism applied to stock transactions in Vietnam, where tax is calculated based on turnover rather than net profit.
According to reports from Hanoi Times, the tax will apply per transaction, regardless of whether the investor realizes a profit or loss. The regulation will cover both domestic and foreign investors, as long as the transaction is conducted within Vietnam’s regulated framework.
Notably, the draft policy states that crypto transactions will be exempt from Value Added Tax (VAT). However, revenue-based taxation will still be enforced, reflecting the government’s intention to prioritize ease of tax collection and compliance.
Different Tax Treatment for Enterprises
For businesses operating in Vietnam, crypto-related income will be taxed under a different structure. Enterprises earning profits from cryptocurrency transfers will be subject to corporate income tax at a rate of 20%, calculated on net profit after deducting acquisition costs and relevant expenses.
This distinction highlights the government’s approach to treating individual investors and corporate entities separately, aligning crypto taxation more closely with existing corporate financial regulations.
Vietnam Officially Defines Crypto Assets
Beyond taxation, the draft also provides an official legal definition of crypto assets. Digital assets are described as assets created, stored, transferred, and verified using cryptographic technologies or similar technological solutions.
This definition represents a key milestone, as it lays the foundation for future regulatory clarity and enforcement across the crypto ecosystem, including exchanges, custodians, and service providers.
Strict Licensing Requirements for Crypto Exchanges
One of the most debated aspects of the proposal is the stringent licensing requirement for crypto exchanges. Platforms seeking to operate legally in Vietnam must meet a minimum charter capital requirement of 10 trillion VND (approximately $408 million USD) — a threshold higher than that required for many commercial banks.
While foreign investors are allowed to participate, their ownership in licensed exchanges will be capped at 49%, ensuring domestic control over strategic infrastructure.
Five-Year Pilot Program Faces Challenges
These regulations are part of a five-year pilot program aimed at managing and supervising the digital asset market, scheduled to begin in September 2025. However, as of October 6, 2025, the Ministry of Finance confirmed that no companies had applied to participate in the pilot.
The lack of applicants is widely attributed to the high capital requirements and strict approval conditions, which many industry players consider difficult to meet.
Vietnam Begins Accepting License Applications
In a significant recent development, Vietnam has officially started accepting applications to operate regulated digital asset trading platforms. The State Securities Commission (SSC) announced that license applications will be accepted starting January 20, 2026, marking the first concrete step toward a regulated crypto market.
This move reflects Vietnam’s broader effort to enhance transparency, improve investor protection, and bring crypto activities under a clear legal framework rather than banning or ignoring them.
A Turning Point for Vietnam’s Crypto Market?
While the proposed tax rate of 0.1% is relatively low compared to profit-based taxation models, the per-transaction structure could significantly impact high-frequency traders. At the same time, strict licensing conditions may limit market participation in the early stages.
As public feedback on the draft continues, investors and industry stakeholders will be closely watching how Vietnam balances innovation, regulation, and market accessibility in the evolving digital asset landscape.
Disclaimer:
This article is for informational purposes only and reflects a personal blog-style analysis. It does not constitute financial or investment advice. Investors should conduct their own research before making any decisions. The author is not responsible for any investment outcomes.
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China a reafirmat din nou interdicția sa strictă asupra criptomonedelor, în timp ce a extins semnificativ supravegherea de reglementare pentru a include tokenizarea activelor din lumea reală (RWA) și stablecoins emise în afaceri, dar legate de yuanul chinezesc.
Într-un anunț comun publicat vineri, Banca Populară a Chinei (PBoC), împreună cu principalele organisme de reglementare, inclusiv Comisia Națională pentru Dezvoltare și Reformă, Ministerul Securității Publice, autoritățile de reglementare a valorilor mobiliare și autoritatea de schimb valutar, a reiterat că toate activitățile legate de criptomonede rămân ilegale în China continentală.

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Când președintele țării anunță personal criptomoneda, iar fondatorul Binance oferă sfaturi — nu este doar un token. Este o miză politică. Astăzi vom analiza cine stă cu adevărat în spatele @Binance CIS $KGST și de ce acest suport poate fi mai important decât tehnologia în sine.
Președintele Kârgâzstanului în joc
Sadır Japarov — președintele în funcție — a anunțat personal listarea KGST pe Binance pe 23 decembrie 2025. Nu purtătorul de cuvânt, nu ministrul. Chiar președintele.

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Întrebarea reală pe care nimeni nu o pune
Uite, @Binance CIS tocmai listat $KGST —stablecoinul național al Kârgâzstanului, legat 1:1 de somul lor. Prima țară din CSI care a realizat asta pe Binance. Sună tare, nu? Dar iată despre ce este vorba: avem cu adevărat nevoie ca guvernele să creeze criptomonede?
Am urmărit acest domeniu timp de ani de zile. Majoritatea dintre noi am fost afectați căutând randamente pe stablecoins dubioase. Acum guvernele vor să intre. Permite-mi să explic ce înseamnă cu adevărat asta.
Ce $KGST Este de fapt
E simplu. Un token este egal cu un som kârgâz (aproximativ $0.011). Construit pe BNB Chain. Susținut de rezerve în bănci locale. Președintele însuși l-a anunțat. Asta e rar.

Conform datelor agregate, cele 25 de bănci mari din SUA au studiat sau pregătit produse legate de Bitcoin, de la:

Depozitarea BTC
Produse de investiții / derivate
Servicii pentru clienți instituționali
👉 Cu toate acestea, majoritatea nu a fost încă implementată oficial.
⏳ Motivul principal: așteptând Legea CLARITY
Băncile sunt considerate că așteaptă aprobarea Legii CLARITY pentru a:
Clarificarea cadrului legal pentru crypto
Stabilirea limitelor de reglementare între SEC și CFTC