🇻🇳 Will Vietnam Test Crypto Trading?

The Ministry of Planning and Investment has proposed a controlled testing policy (sandbox) for business models applying technology in the financial sector (fintech), including trading floors with assets and cryptocurrencies in two financial centers, Ho Chi Minh City and Da Nang in 2025.

According to this proposal, the Executive Committee of the financial center will have the authority to license, manage, assess impacts and manage risks with sandboxes in fintech activities.

The government will regulate anti-money laundering measures, ensure network security for digital assets and service providers. At the same time, manage the issuance, ownership, trading of utility tokens and "mining" of cryptocurrencies to reduce risks to energy security and the environment.

According to VnExpress