📌 The Ministry of Finance officially opens the pilot file for the cryptocurrency exchange

To implement Resolution 05 (NQ05), the Ministry of Finance has issued Decision 96/QĐ-BTC, announcing 3 new administrative procedures related to licensing – adjusting – revoking licenses for cryptocurrency exchanges.

👉 Enterprises can submit pilot participation applications starting from January 20, 2023.

🔹 Conditions for pilot participation

 • Minimum charter capital: 10,000 billion VND (contributed in Vietnamese dong)

 • Enterprises established in Vietnam (LLC or JSC)

 • ≥65% of capital contributed by organizations, including:

 • >35% from at least 2 organizations in the groups: banks, securities companies, fund management, insurance, or technology companies

 • Foreign investors ≤49%

 • Each organization/individual can only contribute capital to 1 exchange

🔹 Human resource requirements

 • CEO: at least 2 years of experience in finance, securities, banking, or insurance

 • CTO: at least 5 years of IT experience in related fields

 • At least 10 personnel with cybersecurity certifications

 • At least 10 personnel with securities practice certificates (I will provide a link for everyone to study early and obtain the certificate soon) Here it is, at the end of this month Sherry will also study two more subjects to finish the certificate Source: Research & Training Center for Securities https://share.google/JK1ZVxm0gIoo0ogh3

📍 What is Resolution 05?

👉 Refer to the details: https://5phutcrypto.io/nghi-quyet-05-ve-tai-san-ma-hoa