FOR THE FIRST TIME IN HISTORY: VIETNAM HAS OFFICIAL ACCOUNTING REGULATIONS FOR CRYPTO, AND THIS CHANGES EVERYTHING! 🔥 Are you involved in business, investment, or work related to crypto in Vietnam? Stop and read this article right now, because what you've been waiting for has officially arrived! On March 4th, the Ministry of Finance issued Circular No. 15/2026/TT- BTC. For the first time in history, Vietnam has a legal document providing specific guidance on accounting practices for organizations participating in the cryptocurrency market. No more gray areas, no more guesswork! SO WHO IS DIRECTLY AFFECTED? 🎯 The circular targets three main groups: > Crypto exchanges & custodians Token Issuance Domestic investors are businesses and organizations. KEY POINT THAT FEW PEOPLE NOTICE 💡 Client crypto assets deposited with the exchange must be accounted for completely separately from the exchange's own assets. Client coins belong to the client; the exchange is not allowed to include even a single coin in its books. Sound familiar? This is the painful lesson from the collapse of FTX in 2022, when the exchange treated customer funds as its own. Vietnam is proactively preventing that scenario from happening from the outset. WHAT ELSE IS NOTABLE? 📋 Crypto trading activities conducted by exchanges will be accounted for similarly to securities trading. However, the circular clearly emphasizes that this does not mean crypto is securities. It simply borrows accounting methods for convenience. Organizations that Token Issuance for Capital purposes must account for them as... debt. It sounds harsh, but it accurately reflects the economic nature of this activity. Institutional investors buying and selling crypto will account for their investments similarly to regular financial investments, depending on whether their goal is short-term or long-term holding. WHY IS THIS AN EXTREMELY POSITIVE SIGNAL? 🚀 The Vietnamese crypto market is entering a truly professional phase. With clear accounting practices, businesses will dare to invest systematically. Banks will dare to lend. Foreign investors will dare to inject Capital. This is a prerequisite for Vietnam to officially integrate with the global digital asset market! ⏳ This circular takes effect immediately from the date of signing and applies to the entire fiscal year 2026.