Vietnam’s first official Bitcoin exchange licences are currently being sought after by a number of big businesses. This development coincides with the government’s plans to tighten regulation of the rapidly expanding business and limit trading on international cryptocurrency platforms.
One of the most active cryptocurrency markets in the world is Vietnam. With yearly trading volumes above $200 billion, the nation is ranked fourth in terms of cryptocurrency adoption, according to international reports. The industry was operating in a legal limbo until recently.
The situation changed on January 1, 2026, when Vietnam passed a new law recognising crypto assets as legal property. This allows authorities to tax crypto transactions and investigate fraud cases more easily.
Five major corporations have already moved forward in the licensing race. These include companies linked to private banks such as Techcombank, VPBank, and LPBank, as well as broking firm VIX Securities and business conglomerate Sun Group.
The government says the goal is to build a regulated domestic crypto ecosystem. Under the proposed rules, Vietnamese traders may eventually be allowed to use only local licensed exchanges instead of global platforms like Binance.
Officials believe this approach will improve transparency, reduce money laundering risks, and keep transaction fees within the country.
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