Vietnam is banning dollar-paired crypto trading on all licensed platforms, requiring Bitcoin, Ethereum and stablecoin settlements to use only Vietnamese dong. The shift takes effect immediately under new government guidelines targeting domestic exchanges.
Dong Trading Mandate
Platforms must now exclusively quote and settle crypto trades in dong. This eliminates dollar pairs that previously dominated Vietnam's crypto markets. The rule applies across all licensed virtual asset service providers.
Access Restrictions
Foreign investors get immediate market entry while domestic users face tighter limits. Only existing crypto holders can trade during the initial phase. Personal wallet ownership remains untouched by the new rules.
Legal Framework Progress
The changes stem from Government Resolution No. 05/2025/NQ-CP. Vietnam is building its digital finance regulations with heavy focus on investor safeguards and risk controls. Licensed platforms become the only approved trading channels going forward.
Market Impact
Vietnam holds a top-tier position in global crypto adoption with strong user growth. The country's pivot toward dong-settled trading aligns with its strategy for the emerging tokenized real-world asset market. This isn't the first regulatory shakeup to hit local exchanges this year.
Officials confirmed licensed platforms must implement the dong settlement rule before 2026 ends.
