Vietnam’s crypto pilot framework (**Resolution 05**) and enforcement rules (**Decree 284**) set new boundaries for trading and digital asset management:
* **Domestic Pilot Exchanges:** The Ministry of Finance has vetted 5 applicants backed by major domestic financial entities (VIXEX, CAEX, TCEX, LPEX, and Vietnam Digital Assets JSC). * **Global Platforms:** Offshore platforms (Binance, Bybit, OKX) remain unlicensed domestically. Foreign providers can only operate legally by establishing a local entity or partnering with up to 49% foreign equity. * **Legal Rules:** Personal asset holding and self-custody wallets remain permitted. However, using crypto for payments is strictly banned. * **Investor Fines:** Decree 284 introduces fines (VND 30–50 million) for using unlicensed exchanges, but this enforcement begins only **6 months after** the first domestic exchange officially receives its final operational license.
President Donald Trump signed an executive order waiving key sanctions and tariffs that were set to hit Russia and countries trading with it. This allows US companies to buy oil & gas from Russia. 🤔
I saw the current downtrend, I see the opportunity to buy crypto cheap. 😎