vndc

Legal framework for coins: The Digital Technology Industry Law effective from 1/1/2026 recognizes cryptocurrency as an asset under civil law and classifies tokens into 4 types: securities, payment, utility, and hybrid. A five-year pilot program begins from 9/2025, requiring transactions in VND through a company registered in-country.

The market will be regulated: The Deputy Minister of the Ministry of Finance said the first official activity could take place in Q3/2026, but no specific date has been set. According to a report, 5 enterprises have passed the initial selection round to set up the first exchange, including entities affiliated with Techcombank, VPBank, LPBank, VIX Securities, and Sun Group. A proposed tax draft suggests a 0.1% tax per transaction via a licensed service provider.

Fines from 1/9/2026: A post on KuCoin says trading on an unlicensed platform could be fined up to about 1,900 USD. That is a personal opinion, without accompanying original documentation, so you should verify against the Gazette before relying on it.

The content above is for reference only, not legal or investment advice.

#TeiNguyen #VNDC $BTC $ETH $BNB