OKX and HashKey are backing a new Vietnamese crypto exchange to help it meet the government's $380 million capital requirement for a pilot licensing program. The move aims to bring trading onshore and accelerate regulatory approval for domestic platforms.
Vietnamese police detained suspects connected to ONUS in an alleged token fraud case, accusing them of price manipulation, misleading promotions and centralized market control. Authorities say the investigation is ongoing and the allegations have not been proven in court.
Local companies are racing to establish Vietnam’s first licensed cryptocurrency exchanges as authorities move to curb trading on overseas platforms in one of the world’s most active crypto markets. The push could bring regulatory clarity and on‑shore liquidity, but also carries transition risks.
Vietnam’s once-high-flying crypto sector has contracted sharply after the recent digital-asset downturn, leaving lower trading volumes, strained startups, and cautious investors. The pullback highlights risks for a market that had one of the region’s largest retail crypto communities.
Vietnam’s Finance Ministry has proposed a 0.1% tax on crypto transfers, a 20% corporate tax on crypto profits, and tougher licensing for exchanges, mirroring existing stock transaction levies. The measures could raise compliance costs and push trading offshore while signalling a move to formalize the market.
Vietnam is proposing a VND-equivalent $408 million capital threshold for crypto exchanges alongside a new 0.1% transaction tax on trades done via authorized platforms. The measures aim to tighten oversight but could raise costs and push activity offshore or into unregulated channels.
Vietnam has opened a licensing window for digital asset exchanges as a practical step in its crypto pilot, though regulators say they have not yet confirmed any received or approved applications. The move signals a shift toward formal oversight that could attract both local and foreign platforms.
Vietnam's Ministry of Finance has begun accepting applications for a five-year pilot licensing regime for crypto asset exchanges, the country's first formal regulatory step. The program aims to bring oversight, consumer protection and clearer rules to a market that long operated without legal clarity.
Vietnamese police have arrested five suspects in Da Nang accused of running a cryptocurrency scam that allegedly stole about $532,000; investigations are ongoing.
Google will move early development of its premium Pixel smartphones to Vietnam this year, relocating “new product introduction” work out of China, Nikkei Asia reports. The change is part of a wider effort to diversify manufacturing amid geopolitical and cost pressures.