Vietnam plans to launch a pilot project for cryptocurrency assets, transforming unregulated crypto trading into a regulated domestic market

The Vietnamese government plans to launch a 5-year pilot project for crypto assets in the second quarter of 2026, transitioning from previously offshore unregulated crypto trading to a domestically regulated market. Currently, Vietnamese traders have an annual cryptocurrency trading volume of $220-230 billion, exceeding $600 million daily. The new pilot will only allow locally registered institutions that meet strict capital and compliance requirements to participate, and the trading targets must be backed by real-world assets and settled in Vietnamese dong.