Deputy Prime Minister Ho Duc Phuc signed into law a resolution kicking off the pilot implementation of a comprehensive digital asset market pilot program in Vietnam on Sept. 9.
The new program is scheduled to run for five years and will place strict requirements on participation, limiting involvement to only certain domestic institutions and barring foreign investors from holding shares greater than a minority position.
According to an official post in the Government Electronic Newspaper, the purpose of the pilot program is to facilitate the implementation of “the offering and issuance of digital assets, the organization of the digital asset trading market and the provision of digital asset services,” as well as establishing state management of the digital asset market in Vietnam.
𝗝𝗨𝗦𝗧 𝗜𝗡: 🇻🇳 Vietnam approves five-year trial program for crypto trading platforms.
Asia is gearing up fast for the crypto wave. pic.twitter.com/6fvdKSCToK
— Lark Da
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