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Vietnam is preparing to become one of the emerging players in the global cryptocurrency landscape, thanks to a series of initiatives aimed at regulating and incentivizing the sector. In this context, the stablecoin giant Tether has initiated a strategic dialogue with Vietnamese authorities to explore possible collaborations and contribute to the growth of the local market. Tether Bets on Vietnam: A Strategic Market According to Marco Dal Lago, Vice President for Global Expansion and Strategic Partnerships at Tether Group, Vietnam represents one of the “most promising and strategic” markets for the company. During a meeting with Deputy Prime Minister Ho Duc Phoc, Dal Lago highlighted the country’s strengths: a young population, a dynamic economy, and a steady flow of remittances from abroad. Tether has declared its readiness to share its experience in building a legal framework for cryptocurrency transactions, with the aim of attracting external resources and supporting national economic growth. It has also expressed its willingness to collaborate with Vietnamese businesses to promote the adoption of cryptocurrencies locally. Towards the License of Five Trading Platforms During the talks, Deputy Prime Minister Phoc expressed the government’s determination to create a professional platform for investors and to attract financial resources into the country. Vietnam has recently launched a five-year trial for cryptocurrency trading, allowing only Vietnamese companies to issue tokens and sell them exclusively to foreign investors. Phoc explained that, at the end of this pilot phase and once sufficient stability is achieved, a comprehensive regulatory framework will be introduced to regulate the cryptocurrency market. Currently, the authorities are evaluating applications submitted by various companies in the sector and it is expected that licenses will be granted to about five trading platforms of crypto-assets considered solid. Stringent Requirements for Platforms Vietnam has set very strict entry criteria for cryptocurrency exchange platforms.…

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Filed under: News - @ October 10, 2025 5:24 pm