A Most Curious Cryptocurrency Engagement: Vietnam’s Five-Year Trial!

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It is with great formality that we announce Vietnam hath granted its approval for a five-year pilot of regulated crypto trading, wherein domestic firms must conduct their affairs under stringent capital and ownership rules. How delightful! A market where 17 million souls already hold digital assets shall now be formalized, much like a ballroom where all must dance by the same rules. 💸✨

Vietnam Launches Trial Crypto Market, Limits Access to Local Firms

Ladies and gentlemen, mark this day: Vietnam’s government hath authorized a five-year pilot program for crypto asset trading, a bold step toward regulating a market that hath been thriving with the vigor of a summer garden. One must admire the audacity of it all! 🌿

Under this resolution, only Vietnamese firms shall be permitted to operate trading platforms, with all transactions conducted in the local dong. Foreign ownership is capped at 49%, and exchange providers must hold a princely sum of $379 million (10 trillion dong) in capital. How very prudent! One might say it is the financial equivalent of a strict chaperone at a debutante’s ball. 👑

The issuance of new crypto assets shall also be restricted to Vietnamese companies, though these tokens may only be offered to foreign investors. A most peculiar arrangement! Vietnamese citizens already in possession of crypto, along with foreign investors, shall be permitted to open trading accounts. One can only hope they do not squander their fortunes quite as disastrously as some have in the past. 🤑

This bold move comes as Vietnam endeavors to position itself as a global crypto hub. The country ranked fifth in Chainalysis’ Global Adoption Index, with 17 million users holding over $100 billion in assets. Earlier this year, parliament passed a law to recognize digital assets starting January 2026, a dramatic shift from years of official warnings. One might say it is the financial equivalent of a society matron finally permitting a scandalous affair. 🔥

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2025-09-11 09:57