Vietnam to Issue First Crypto Service Provider Licenses by 2026

Vietnam plans to issue its first licenses to crypto asset service providers by 2026 under a pilot legal framework. Deputy Minister of Finance Nguyen Duc Chi met with Mariana Kuhnel, Executive Director of the Austrian Financial Market Authority (FMA), to discuss regulatory cooperation. The State Securities Commission of Vietnam, led by Vu Thi Chan Phuong, stated that the new regulatory mechanism will focus on risk management, investor asset protection, and anti-money laundering measures.