Vietnam Rushes to Launch a Regulated Crypto Market Amid FATF Pressure
- Five companies have been given the green light to take part in a five-year pilot program.
- Vietnam has been on the FATF grey list since June 2023, missing the deadline in May 2025.
- The country’s regulated crypto firms need 10 trillion dong ($381.8 million) in capital.
Vietnam is getting ready to launch its first officially regulated crypto exchanges. Five companies have been given the green light to participate in a five-year pilot program, and the first exchange could begin operations as soon as Q3 2026.
The urgency and push for regulation are closely linked to Vietnam being on the FATF (Financial Action Task Force) ‘grey list’.
The country has been on the FATF grey list since June 2023, which means the intergovernmental organization has flagged weaknesses in how Vietnam handles money laundering and related threats. The latest assessment found gaps in ten…
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