vietnam

According to Cryptonews, the Vietnamese Ministry of Finance has issued a resolution this week to launch a pilot program for the formal licensing system of cryptocurrency trading platforms, aiming to bring the industry out of a long-standing legal gray area into a regulatory framework.According to the resolution, the State Securities Commission will be responsible for issuing, adjusting, and revoking operating licenses for crypto asset trading platforms, and has published detailed application guidelines. The system requires applicant companies to be local Vietnamese firms with a minimum paid-up capital of 100 trillion Vietnamese dong (approximately 3.8 million USD), and they must meet strict standards for infrastructure, governance, cybersecurity, and professional staffing.Currently, about 10 securities companies and banks have expressed plans to enter the market after obtaining licenses, among which institutions such as SSI Securities, VIX Securities, MBBank, Techcombank, and VPBank have already begun to establish subsidiaries or collaborate with technology partners for their layout.

According to Crypto Politan, the Vietnamese police have arrested five suspects in the Da Nang area who are allegedly operating a cryptocurrency scam gang.The Vietnamese police mentioned in a statement that these suspects are based in Cambodia and are running cryptocurrency scam activities. The scam is suspected of mimicking the Nasdaq exchange, with the suspects misappropriating 14 billion Vietnamese dong (approximately $532,800). The police also noted that these suspects possess a strong telecommunications network and electronic devices that allow them to carry out illegal activities from their residences in the Da Nang area. The gang utilized Zalo and Telegram to create dozens of fake accounts, posting fraudulent trading activities and impersonating investment experts to deceive victims into investing, while falsely reporting profits. After misappropriating the funds, the money was transferred through multiple bank accounts and ultimately exchanged for cryptocurrency to cover its origins.

JuPay announced its one-stop cryptocurrency payment solution for global merchants, with the official launch of the JuPay Payment Gateway. As one of the core infrastructures of JuPay, the payment gateway provides merchants with secure, stable, and scalable cryptocurrency payment access capabilities, supporting mainstream digital asset payments such as USDT/BTC/JU. It features real-time payment confirmation, traceable transaction status, automatic settlement and reconciliation, enterprise-level risk control and security mechanisms, and supports various payment forms including QR code payments. Merchants can integrate deeply through API or choose low-threshold access solutions to quickly enable cryptocurrency collection capabilities, suitable for e-commerce, subscription content, gaming entertainment, SaaS, and Web3-related business scenarios.At the same time, to enhance the fiat deposit experience in key markets, JuPay has further expanded localized channels. The South Korean market has integrated the ALCHEMY local deposit channel, supporting deposits in Korean Won (KRW) through the South Korean local banking system for quick conversion to cryptocurrency; the Vietnamese market has integrated the VietQR local QR code payment system, supporting deposits in Vietnamese Dong (VND) through mainstream local bank apps, improving deposit efficiency and success rates. Users can access the "Fiat Deposit" entry of JuPay within the Ju.com App, select KRW or VND, and follow the instructions to complete the operation.JuPay stated that it is continuously building a "global coverage + local depth" Web3 payment infrastructure layout, covering modules such as global fiat deposits, JuCard cryptocurrency Visa card payments, local QR code payment networks, and the JuPay Payment Gateway, further enhancing the payment connectivity between merchants and users.

According to market news, the Vietnamese Ministry of Finance has proposed fines for individuals and organizations trading digital assets on unlicensed platforms, and it has publicly released a draft decree for consultation.The draft stipulates that individuals involved in violations related to digital asset trading may face penalties of up to 30 million VND (1,200 USD), while organizations could be fined up to 200 million VND (7,584 USD). For violations of foreign ownership regulations, providing misleading disclosure information, or failing to report information to regulatory authorities, fines will range from 70 million VND (2,654 USD) to 200 million VND (7,584 USD). Providing products to ineligible investors, conducting non-compliant insurance business, and failing to disclose necessary information will face maximum penalties. Additionally, the draft states that domestic individuals using unlicensed platforms may be fined between 10 million VND (379 USD) and 30 million VND (1,138 USD). Unauthorized advertising, conducting business without a license, and operating outside the scope of a license may incur fines of up to 200 million VND (7,584 USD). Foreign investors found to have violations related to fund transfers or false trading declarations may face penalties of up to 100 million VND (3,815 USD). Service providers that fail to verify investor identities may be fined between 50 million VND (1,900 USD) and 70 million VND (2,680 USD).

According to the official blog, the stablecoin issuer Tether has announced that it has signed a Memorandum of Understanding (MoU) with the People's Committee of Da Nang City, Vietnam, aimed at promoting the development of digital infrastructure and innovative governance models in Da Nang City.Under the MoU, Tether and Da Nang City will jointly research and develop a mechanism to support the integration of blockchain, digital assets, and peer-to-peer technology. This initiative will draw on international best practices to advance transparent, efficient, and resilient digital governance solutions.It is reported that Tether will support Da Nang City in proposing suitable policies regarding blockchain technology, digital assets, sandbox experiments, and the tokenization of real-world assets (RWAs). Tether will also share its expertise from global experience to help the city build a comprehensive framework that meets international standards, such as the standards implemented under the "Plan ₿" initiative.In addition, Tether and Da Nang City will closely collaborate with universities and research institutions across Vietnam to jointly develop and implement educational initiatives in blockchain, peer-to-peer technology, and artificial intelligence. At the same time, specialized training programs will be designed to enhance the local capacity of the public and private sectors to build and manage blockchain-based payment systems, thereby improving financial inclusion and modernizing the transaction ecosystem.

ChainCatcher news, according to Jinshi news, the White House stated that the United States and Vietnam have announced a framework for a mutually beneficial, fair, and balanced trade agreement. The United States will maintain a 20% tariff on Vietnam. The United States will determine products and potential tariff adjustment plans to provide friendly partners with zero-tariff reciprocal treatment.Both sides will constructively cooperate to address non-tariff barrier issues. They will seek to reach an agreement in the coming weeks.Meanwhile, the Malaysian Ministry of Foreign Affairs stated that Malaysia and the United States will elevate their bilateral relationship to a comprehensive strategic partnership.

ChainCatcher news, according to a report by Cointelegraph citing Reuters, the State Bank of Vietnam (Vietnam's central bank) expects the credit growth rate to reach around 20% by 2025. With the increasing adoption of cryptocurrencies in the region, this move could lead to liquidity flowing into the global cryptocurrency market.Pham Thanh Ha, Deputy Governor of the State Bank of Vietnam, stated on Friday that further interest rate cuts are needed to promote economic growth and alleviate uncertainties brought about by U.S. tariffs. As part of a broader regulatory measure for technology, the Vietnamese government legalized cryptocurrencies in June, categorizing them into virtual assets representing tokenized products in the real world and crypto assets like Bitcoin and Ethereum. However, under the new cryptocurrency regulatory framework and its 5-year sandbox pilot program launched in September, the government prohibits the issuance of on-chain fiat-backed assets, including stablecoins and securities.

ChainCatcher news, according to official Binance news, Binance CEO Richard Teng met with Vietnamese Deputy Prime Minister Nguyen Hoa Binh in the UAE, where they exchanged views on the development of blockchain and digital assets, as part of Vietnam's international financial center initiative.

ChainCatcher news, according to Jinshi reports, Vietnam has approved a five-year pilot for the cryptocurrency trading market.

ChainCatcher news, the world's leading cryptocurrency exchange KuCoin has signed a strategic cooperation memorandum with the Vietnam Blockchain and Digital Assets Association (VBA) and 1Matrix. This collaboration aims to accelerate the construction of blockchain infrastructure in Vietnam, promote the application of digital assets, and facilitate the development of the digital economy. KuCoin provides advanced technology, 1Matrix is responsible for local resources, and VBA promotes policies and standardization. The three parties work together to create a transparent and secure digital financial ecosystem, supporting Vietnam's blockchain strategy for 2025-2030, helping Vietnam become a global technology highlight.

ChainCatcher news, the Vietnamese government has announced a pilot digital asset exchange in the international financial center. Three legal initiatives have laid the foundation for the digital asset sector, including the National Assembly's resolution on developing the financial center, the Ministry of Finance's proposal for a pilot digital asset exchange, and the new law that clarifies the definition of asset categories.The Ministry of Finance is refining the relevant pilot policies, which are expected to be submitted to the government in August, covering aspects such as issuance, trading, and management. Service providers can independently choose the listed assets, prioritizing those with high liquidity. The authorities emphasize that blockchain is the core infrastructure and will strengthen cybersecurity and risk management. The central bank is studying the model for a central bank digital currency (CBDC).

ChainCatcher news, the digital asset trading platform HiBT made a splash at GM Vietnam 2025, the largest Web3 conference in Southeast Asia.The conference attracted over 10,000 attendees and hundreds of international blockchain projects. HiBT showcased its core features—Futures trading, Copy Trading, and regional agency cooperation programs—through a modern exhibition area and a series of interactive product experiences.The HiBT booth quickly became a popular focal point of the conference, attracting numerous traders, investors, blockchain developers, and KOLs for interaction. A HiBT representative stated, "GM Vietnam is an important window for us to expand our community and listen to the voices of the Web3 ecosystem in Vietnam. This is a market with great depth and vitality."Attending GM Vietnam is a crucial part of HiBT's strategy to expand into the Vietnamese market. Previously, HiBT also actively participated in the Solana Check Points event, establishing deep cooperation with local developers and cross-chain ecosystem projects.HiBT is strengthening its connection with Vietnamese users through a series of training courses, technical seminars, and localized marketing activities. During GM Vietnam, the HiBT team also engaged in in-depth discussions with several local Web3 startup projects, demonstrating its firm commitment to rooting itself in Southeast Asia and building a sustainable ecosystem together.HiBT has always emphasized social responsibility. In addition to product and technology development, it is also actively involved in public welfare, particularly in technology education and caring for vulnerable groups. Recently, HiBT has initiated several small charity events in Vietnam and plans to continue expanding its social impact in the future.With a global user base of 2 million and an average daily trading volume exceeding $1.2 billion, HiBT is gradually consolidating its position in emerging markets. The GM Vietnam conference is not only a platform for HiBT to showcase itself but also the starting point for its long-term development journey in Vietnam.

ChainCatcher Message. Sponsored by HTX, the "Web3 Future Night" themed cocktail party hosted by ChainCatcher and co-hosted by 0G will be grandly held tonight from 19:30 to 22:30 (UTC+7) in Hanoi, Vietnam. This event has also attracted leading industry partners such as SoSoValue, Bifrost, TRADOOR, TRON, SunPump, and RootData.The "Web3 Future Night" will continue the brilliance of previous editions, gathering top local project parties, leading investors, well-known KOLs, and core community members from Vietnam to create a high-standard industry exchange feast, further promoting deep cooperation and resource integration in the Vietnamese Web3 ecosystem.Venue: 11th, MOONLIGHT SKYBAR, 94 Ma May Street, Hang Buom Ward, Hoan Kiem District, Hanoi CityClick the link to register, and let’s witness the infinite future of Web3 in Hanoi!