Policy Event Β· Medium impact

Vietnam Advances Five-Year Crypto Exchange Regulatory Pilot Framework

Vietnam continues developing its regulatory framework for domestic crypto exchanges under a September 2025 resolution outlining a five-year pilot operation. After six months from the first license issuance, all crypto asset transactions by domestic investors must be conducted through licensed service providers. The framework aims to bring Vietnam's growing crypto market under formal oversight.

Medium impactπŸ‡»πŸ‡³ VietnamRegulationLicensingExchangeBTCETHUSDT

APAC FINSTAB analysis

For APAC operators, this creates a medium-impact signal around regulation, licensing, exchange in Vietnam. Protocols/assets in scope: BTC, ETH, USDT. Teams should monitor the original source, map the change to licensing, custody, disclosure, and market-access obligations, and update their jurisdiction playbooks before the next compliance review.

Compliance read-through: map this event to entity licensing, market-access, custody, disclosure, token listing, and operational-risk obligations before expanding or marketing in the affected jurisdiction.

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High impactπŸ‡°πŸ‡· South KoreaRegulationExchangeAML

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High impactπŸ‡¬πŸ‡§ United KingdomRegulationTokenizationCustodyXAUT