Comply with current accounting standards.
Circular No. 15/2026/TT- BTC applies to organizations providing crypto asset services, organizations issuing crypto assets, and domestic investors that are organizations established and operating in accordance with Vietnamese law and participating in the crypto asset market in Vietnam.
In general, cryptocurrency service providers, cryptocurrency issuers, and domestic investors must fully comply with the provisions of the Accounting Law, Vietnamese accounting standards, the corporate accounting system, and relevant laws and regulations concerning the cryptocurrency market.
Organizations providing crypto asset services, organizations issuing crypto assets, and domestic investors shall conduct accounting in accordance with the corporate accounting regime issued together with Circular No. 99/2025/TT- BTC dated October 27, 2025, of the Minister of Finance and the provisions of this circular to record accounting entries, prepare and present financial statements.
In cases where the issuer of crypto assets and the domestic investor are enterprises or organizations applying their own accounting system, they shall continue to follow that accounting system and the regulations in this circular for accounting, bookkeeping, preparation and presentation of financial statements.
Accounting principles for organizations providing crypto asset services.
Organizations providing crypto asset services record revenue from providing services such as organizing crypto asset trading markets, crypto asset custody, and providing crypto asset issuance platforms under the "Revenue from sales and services" account.
Sales revenue and service provision must be tracked in detail for each type of service and business activity of the crypto asset service provider. The crypto asset service provider must classify, track, and account for accounts receivable in detail to take timely measures for recovery and establish provisions for doubtful accounts receivable in accordance with the law.
Regarding the custody of crypto assets: The crypto asset service provider is responsible for managing and accounting separately for the client's crypto assets and funds from the service provider's own crypto assets and funds. Simultaneously, it must track the crypto assets and funds in detail for each client and each type of crypto asset.
Cryptocurrency assets held in custody by clients at a cryptocurrency service provider are not recognized as assets of the service provider, but are tracked in detail for management purposes and disclosure in financial reporting.
Organizations providing crypto asset services must meticulously track the "Accounts Receivable" accounts of their custodian members, broken down by individual receivables, receivable items, and payment transactions.
Organizations providing crypto asset services recognize revenue from fees for custody services, fees for managing clients' crypto assets, services for exercising rights, transferring crypto assets to clients, managing collateral assets, and other custody service revenue.
Regarding proprietary trading of crypto assets: Organizations providing crypto asset services record revenue and expenses from proprietary trading activities in a manner similar to securities trading. This analogy is solely for accounting purposes and does not mean that crypto assets are considered securities.
Organizations providing crypto asset services must closely monitor the types of crypto assets they hold in their proprietary trading, and fully and promptly account for all income from crypto asset trading activities.
Organizations providing crypto asset services make provisions for risks related to their crypto asset trading activities similar to those made by securities firms in their securities trading operations.
Accounting principles for issuers of crypto assets.
The issuer of a cryptocurrency conducts the offering and issuance of the cryptocurrency through a cryptocurrency issuance platform based on the nature of the obligations arising from the issued cryptocurrency and the purpose of holding the cryptocurrency, in order to account for it appropriately. If the cryptocurrency has the nature of a Capital raising activity, the accounting treatment should be similar to a company's Capital activities.
Accounting principles for investors
Domestic investors participating in cryptocurrency trading platforms provided by cryptocurrency service providers conduct buying and selling of cryptocurrencies, and their accounting is similar to that of financial investments. Accounting should be based on the purpose of the investment and the holding of the cryptocurrencies.
| Circular No. 15/2026/TT- BTC takes effect from the date of signing (March 4, 2026) and applies from the 2026 fiscal year until amended, supplemented, or replaced by relevant legal regulations. In the event that the legal documents cited in this circular are amended, supplemented, or replaced, the new amended, supplemented, or replaced documents shall apply. |
