Vietnam's new bill proposes to allow cryptocurrency trading in financial centers from July 1, 2026

PANews reported on February 19 that according to VNEconomy's report last month, Vietnam's Ministry of Planning and Investment is soliciting opinions on the draft resolution of the National Assembly on the construction of regional and international financial centers in the country. The draft proposes that crypto assets and cryptocurrency transactions in financial centers will be officially implemented from July 1, 2026. According to the draft, the regional financial center will be located in Da Nang City and the international financial center will be located in Ho Chi Minh City. Article 12 of the draft involves the monetary policy, banking and foreign exchange management policies of the financial center.

According to the draft, commercial banks will start to implement the digital banking model from January 1, 2026. Article 13 of the draft deals with the policy of controlled trials (sandboxes) of applied technology business models in the field of financial technology. According to this, the Financial Center Management Committee has the right to license, manage, assess impacts and manage risks in controlled trials (sandboxes) in financial technology activities, including trading platforms for crypto assets and cryptocurrencies. Crypto asset and cryptocurrency trading in the financial center will be implemented from July 1, 2026.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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