Vietnam Plans Pilot Digital Asset Exchange in Financial Center
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Key Points: Vietnam initiates pilot for digital asset exchange in financial center. Focus on cybersecurity and risk management. Includes issuance, trading, management; submission by August. The Vietnamese government has initiated a pilot digital asset exchange within its International Financial Center, as announced by the Ministry of Finance to be submitted by August. This initiative signifies Vietnam’s commitment to integrating blockchain technology, potentially affecting high-liquidity digital assets and advancing central bank digital currency research. Vietnam Targets August for Digital Asset Pilot Launch The Vietnamese government has taken significant steps by announcing a pilot digital asset exchange within an international financial center. This initiative involves coordination between the Ministry of Finance, the National Assembly, and the central bank, prioritizing robust cybersecurity and high liquidity for listed assets. Submissions are targeted for August. The pilot framework is expected to cover essential components such as asset issuance, trading, and management policies. Risk management and regulatory clarity are central to the pilot, aiming to align with global standards and enhance investor confidence in digital assets. During a statement, the Vietnam Ministry of Finance said, “The Ministry of Finance is developing a pilot framework for a regulated digital asset exchange, looking to submit it to the Government by August.” Community and industry reactions to the pilot have yet to manifest with major statements or contributions. However, the inclusion of cyber and risk controls suggests that industry insiders view this move as a strategic positioning of Vietnam in the digital finance landscape. Vietnam Takes Cues from Singapore for Exchange Development Did you know? Vietnam is taking inspiration from Singapore’s Project Guardian to establish a regulated digital asset exchange. This could potentially elevate Vietnam’s position in the global cryptocurrency market. According to CoinMarketCap, Bitcoin (BTC) is currently priced at $119,396.24, boasting a market cap of $2.38 trillion. Its…
Filed under: News - @ August 13, 2025 3:26 am