🔥🔥Vietnam officially opens the pilot market for cryptocurrency assets!🔥🔥 ⏺️ The Ministry of Finance has just issued Decision 96/QĐ-BTC (dated 20/1/2026), announcing 3 new administrative procedures: - Licensing - Adjusting licenses - Revoking cryptocurrency exchange licenses
⏺️ The "huge" licensing process: Submit documents through UBCKNN → The Ministry of Finance presides, coordinating with the Ministry of Public Security + NHNN to check security, AML, IT. The maximum time to fulfill conditions is 12 months.
⏺️ Super strict conditions: - Vietnamese enterprises with a minimum charter capital of 10,000 billion VND - ≥ 65% of capital from organizations (of which >35% from banks, securities companies, insurance, technology…) - Foreign room maximum of 49% - Extremely high requirements for tech infrastructure, security & personnel
⏺️ There are about ~10 enterprises (backed by large banks + securities companies) ready to "play big".
Come on, those who are rich, open exchanges to compete with those "big players" in banking – securities, let's see? 🔥🚀 #Market_Update #crypto
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.