Vietnam to Ban Overseas Crypto Trading, Launch Local Exchange Pilot

2026-03-17 17:45

Vietnam is set to draft new regulations prohibiting its citizens from trading on overseas cryptocurrency platforms such as Binance and OKX. The government plans to initiate a pilot program for local compliant exchanges, potentially starting this month. According to a Ministry of Finance document, five companies, including affiliates of Techcombank, VPBank, LPBank, VIX Securities, and Sun Group, have passed the initial screening for participation. Vietnam ranks fourth globally in cryptocurrency adoption, with an annual trading volume surpassing $200 billion, according to Chainalysis. The move to establish local exchanges aims to regulate and harness the country's significant crypto activity within a compliant framework.

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