¡Vietnam planea prohibir los intercambios extranjeros! Promueve plataformas criptográficas locales e impone un impuesto comercial del 0.1%

Vietnam plans to restrict overseas crypto platforms, promote domestic compliant exchanges with a 0.1% trading tax, and bring a $200 billion market into the regulatory and tax system.

According to Reuters, the Vietnamese government is changing its cryptocurrency regulation strategy, aiming to limit citizens’ use of offshore trading platforms and promote pilot programs for compliant domestic exchanges, gradually integrating these markets into the national financial regulation and tax system.

Vietnamese government to prevent capital outflow, plans to ban overseas crypto platforms

Based on Chainalysis data, Vietnam ranks fourth globally in cryptocurrency adoption index, with trading volume estimated at $200 billion in the past year. Currently, most Vietnamese investors rely on offshore platforms like Binance, OKX, and Bybit for trading crypto assets. To control capital outflow risks, the Ministry of Finance is drafting new regulations to prohibit domestic users from accessing overseas platforms, thereby directing trading activities to domestically regulated environments.

Image source: Chain News 2025 Global Cryptocurrency Adoption Index

Promoting domestic trading, five major companies selected for pilot program

According to Reuters, five large enterprises have passed preliminary review and are preparing to participate in the domestic crypto exchange pilot program. The list includes Techcombank, VPBank, LPBank, VIX Securities, and Sun Group-related companies. The plan requires operators to have approximately $379 million in capital, restrict trading to Vietnamese dong, and prohibit stablecoins pegged to fiat currencies.

Drafting crypto tax framework: retail investors subject to 0.1% transaction tax

While promoting compliant platforms, the Vietnamese government is also establishing a tax framework. A draft proposed in February this year first defined digital assets as property and taxed them similarly to securities transactions. In the future, general investors will conduct transactions through licensed institutions, with a 0.1% transaction tax per trade, exempt from VAT. Institutional investors will need to pay 20% corporate income tax on profits after deducting costs.

International exchanges face impact, investor behavior becomes regulatory variable

If implemented, this policy could lead to significant market share loss for international exchanges, while domestic licensed institutions will gain a competitive advantage. However, many investors are accustomed to cross-border trading; whether they will comply with the policy and shift to domestic exchanges or continue using offshore platforms via VPN will be a key factor in the policy’s effectiveness.

• This article is reprinted with permission from: Chain News
• Original title: Vietnam plans to ban offshore crypto exchanges, promote domestic platforms and new tax system
• Original author: Co2