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Vietnam and Austria Partner on Crypto Oversight
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Vietnam has built a pilot legal framework and plans to license its first crypto-asset service providers in 2026.
Key facts
- SSC Chairwoman Vu Thi Chan Phuong said Vietnam is drawing on recommendations from the Financial Action Task Force (FATF) and regulatory models from European Union agencies to design its supervisory
- To foster ongoing cooperation, Kuhnel proposed holding online technical workshops between experts and increasing coordination through the International Organisation of Securities Commissions (IOSCO)
- Vietnam has built a pilot legal framework and plans to license its first crypto-asset service providers in 2026
- Vietnam reportedly plans to license its first crypto-asset service providers in 2026 under a pilot legal framework as the Southeast Asian country seeks to modernize its financial market oversight
Summary
Finance Minister Nguyen Duc Chi met FMA head Mariana Kuhnel in Vienna to align financial regulation. SSC head Vu Thi Chan Phuong noted reforms aim to help 99% of SMEs access credit and capital markets. FMA proposed joint IOSCO initiatives and expert technical meetings ahead of licensing platforms in 2026. Vietnam reportedly plans to license its first crypto-asset service providers in 2026 under a pilot legal framework as the Southeast Asian country seeks to modernize its financial market oversight.