Vietnam’s crypto pilot sees no takers, with steep capital rules and bans on stablecoins and tokenized securities limiting interest.
Vietnam’s Ministry of Finance has confirmed that no companies have applied to participate in the country’s five-year digital asset trading pilot despite rising global interest in regulated crypto markets.
At a Sunday press briefing, Deputy Minister of Finance Nguyen Duc Chi told local media outlets that the ministry has not yet received any proposals from enterprises seeking to pilot digital asset trading in the country.
“As of now, the ministry has not received any proposals from enterprises,” Chi said, adding that the pilot will allow a maximum of five participants. He also said the ministry is expediting the process so that the first eligible enterprise can be licensed and begin operations as soon as possible.
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