đ„đ„ VIETNAM OPENS THE GATES: CRYPTO PILOT MARKET IS LIVE! đ„đ„
đš Big move from Vietnam!
The Ministry of Finance has officially released Decision 96/QÄ-BTC (20/01/2026), unlocking the pilot market for cryptocurrency assets with 3 key administrative procedures:
đč Licensing
đč License adjustment
đč License revocation for crypto exchanges
âșïž Next-level licensing process:
Applications go through UBCKNN, while the Ministry of Finance leads coordination with:
Ministry of Public Security
State Bank of Vietnam (NHNN)
Theyâll review security, AML, IT systems â with up to 12 months to fully meet requirements.
âșïž Ultra-strict entry conditions:
Only Vietnamese enterprises
Minimum charter capital: 10,000 BILLION VND đ°
â„65% institutional capital, including >35% from banks, securities, insurance, tech firms
Foreign ownership capped at 49%
Extremely high standards for technology, cybersecurity & professional teams
âșïž Insiders say:
Around ~10 major enterprises â backed by big banks & securities giants â are already ready to play BIG.
đ„ So the question isâŠ
Whoâs bold (and rich) enough to launch an exchange and go head-to-head with banking & securities giants?
đ **Game on, Vietnam. Crypto era just leveled up
#Crypto_Updates .#VietnamBinanceSquare
