CEX in Vietnam will most likely only involve spot tax, a 0.1% tax, and penalties for violations. If Vietnam launches a domestic CEX exchange, the model will most likely only allow Spot Trading, with no margin or futures – similar to how Upbit operates in South Korea. The main objective is not to create a "trading playing field," but rather to manage cash flow and collect taxes. 📍How will the 0.1% tax be applied? Simply put, every time you sell or swap something for cash/another asset, you are subject to tax. 📍Expected rate: 0.1% of the transaction value For example: Selling $1,000 BTC The total cost was approximately $2 USDT. ~0.1% tax ~0.1% transaction fee 👉 Regardless of profit or loss, any sale/exchange transaction is subject to tax. 📍Key point: Transferring coins between personal wallets is not XEM a taxable transaction. + Selling coins, exchanging coins for USDT, VND, or other assets → incurs tax obligations. In essence, a manager only needs to: "No income is generated, so no tax is collected, but transactions must be recorded." The Volume on domestic CEXs will be much smaller; you're probably used to seeing Volume of several billion or tens of billions of dollars on international exchanges. 90% of the current Volume is generated by bots and market makers. Wash Trade to fake Volume are costly and create trading volume for the Token. If an additional 0.1% tax is deducted from each trade, then: Fake Volume = burning money MM will no longer have the incentive to spin virtual volume. Therefore: + The "actual" Volume on CEX Vietnam will be much lower. + Low liquidation , high spread + Suitable for buying, selling, and holding rather than short-term trading. + The issue of using foreign exchanges after having a domestic CEX. 📍LEGAL RULES Once a domestic trading platform is licensed, continued use of a foreign platform may be XEM : + Trading on an unlicensed platform + Failure to file taxes fully Potential risks: + Subject to retroactive tax collection for transactions that have already occurred. + Administrative penalties for violations of foreign exchange/tax management regulations + In a more tightly controlled scenario: + Restrict the flow of money in and out of foreign exchanges. + Request for explanation of the source of profits In fact, the government doesn't need to ban crypto, it just needs to: "If you want to trade legally, go to a domestic exchange and pay taxes." 🖤 ​​Proposed penalty: - Organizations: up to 200 million VND - Individuals: maximum 100 million VND → This may include license revocation for 1–6 months, or suspension of operations for 1–12 months. Specifically, they can be Chia into two types: Individual Investors and Institutions. 📍 Investors - Individuals: Proposed fines of 10–30 million VND if TSMH transactions are not conducted through a licensed organization. - Overseas: Fines of 30–100 million VND for violating money transfer regulations or providing incomplete transaction declarations. 📍 Organizations providing Cryptocurrency services: - 50–70 million: investor identity not verified - 70–100 million VND: Violation of service provision obligations, false advertising. - 100–150 million: no separation of client assets, no transaction monitoring, no system security guarantee. - 150–200 million: inaccurate reporting or failure to fully fulfill responsibilities as required. 100% transaction fee refund at @alphabacknet, contact Zalo 0559919980 📍📍📍📍

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