State Securities Commission of Vietnam is moving the crypto-asset market into operator build-out

By 24 February 2026, Vietnam’s crypto-asset market had moved beyond exploratory policy language.

By 24 February 2026, Vietnam’s crypto-asset market had moved beyond exploratory policy language.

The Government had already authorized a five-year pilot, capped the market at up to five service providers selected through a Ministry of Finance-led process, required VND-denominated trading and payment, and opened a formal licensing intake path through the State Securities Commission.

The Chair’s 24 February statement therefore reads as an implementation signal: operator formation and market-operating design were underway.

The 24 February 2026 build-and-operate statement matters because it follows a five-year pilot, a capped-provider model, and a live two-stage licensing workflow led by the Ministry of Finance with the State Bank of Vietnam and the Ministry of Public Security in the approval chain.