🧐 IS THE DAY VIETNAM ENTERS THE GLOBAL CRYPTO MARKET VERY NEAR?
January 15, 2026 marks the beginning of the sandbox phase for the Vietnamese crypto market, when the Ministry of Finance grants licenses for cryptocurrency exchanges to operate on a pilot basis.
Six months after the first exchange is licensed (expected July 2026), crypto transactions not conducted through a licensed exchange will be subject to penalties.
Investors can still hold digital assets in their personal wallets/ Cold Storage; only buying, selling, and transferring transactions are required to go through a legal exchange (expected fine of 30-50 million VND for individuals).
A 0.1% tax applies to income from the transfer of digital assets, similar to securities.
Initially, the domestic exchange only plans to list around 50 assets, prioritizing BTC, ETH , and some stablecoins. Memecoin, small Token , and Non-Fungible Token may not be supported yet.
Stablecoins are permitted to be held but not used as a means of payment; transactions on domestic exchanges must be in VND.
The list of licensed exchanges should only be checked from the Government's Electronic Information Portal and the Ministry of Finance; many issues still await detailed guidance (DEX, Staking/ Airdrop tax, Derivative, incident compensation).
Source: VietnamFinance