Applications for cryptocurrency market licenses will begin to be accepted on January 20th.

(Chinhphu.vn) - The State Securities Commission (SSC) announced that from January 20, 2026, the acceptance of applications for licenses to provide services for organizing cryptocurrency trading markets will officially be implemented according to the newly issued administrative procedures of the Ministry of Finance.

From January 20, 2026, the process of accepting applications for licenses to provide services for organizing cryptocurrency trading markets will officially commence.

In implementing Resolution No. 05/2025/NQ-CP dated September 9, 2025, of the Government on piloting the cryptocurrency market in Vietnam, the Ministry of Finance issued Decision No. 96/QD-BTC dated January 20, 2026, announcing new administrative procedures in this field, within the scope of the ministry's management functions.

According to the decision, three new administrative procedures have been issued, including: granting licenses to provide services for organizing cryptocurrency trading markets; adjusting licenses to provide services for organizing cryptocurrency trading markets; and revoking licenses to provide services for organizing cryptocurrency trading markets.

Interested organizations and individuals can find detailed information on the content, required documents, and procedures in the newly issued Appendix on administrative procedures attached to Decision No. 96/QD-BTC, which is posted on the SSC's electronic portal at www.ssc.gov.vn.

Statistics to date show that approximately 10 securities companies and banks have announced plans and are ready to participate in providing cryptocurrency exchange services once they receive licensing from the regulatory authority.

Within the securities group, SSI Securities has established SSI Digital Technology Joint Stock Company (SSI Digital - SSID) since 2022. Recently, SSID, together with SSI Fund Management Company Limited, signed strategic cooperation agreements with Tether, U2U Network, and Amazon Web Services, aiming to build a digital financial ecosystem in Vietnam based on blockchain and cloud computing platforms.

VIX Securities also contributed capital to establish the VIX Cryptocurrency Exchange (VIXEX). The company also signed a cooperation agreement withFPT to prepare the technological infrastructure...

In the banking sector, MB is a pioneer in its technical collaboration with Dunamu, the operator of Upbit, South Korea's largest cryptocurrency exchange. This agreement aims to establish a cryptocurrency exchange in Vietnam, while also jointly developing a legal framework, operational procedures, and investor protection mechanisms.

Techcombank has also established the Techcom Cryptocurrency Exchange (TCEX) with a charter capital of hundreds of billions of VND. Notably, the TCBS price board now integrates a "cryptocurrency" section, tracking the performance of many popular cryptocurrencies…

In addition, VPBank stated that it has fully prepared the necessary resources and is ready to commence operations as soon as it receives the necessary permits from the regulatory authorities.

According to Government Resolution No. 05/2025/NQ-CP on the pilot implementation of the cryptocurrency market in Vietnam, organizations registering to provide cryptocurrency trading market services must fully meet the following conditions.

Firstly, the registering organization must be a Vietnamese enterprise, established and operating in accordance with the Enterprise Law.

Secondly, the charter capital must be contributed in Vietnamese Dong, with a minimum contributed charter capital of 10,000 billion VND.

Thirdly, regarding the shareholder structure, at least 65% of the charter capital must be contributed by organizations; of which, over 35% of the charter capital must be contributed by at least two organizations that are commercial banks, securities companies, fund management companies, insurance companies, or technology enterprises. Each organization or individual may only contribute capital to one cryptocurrency service provider licensed by the Ministry of Finance.

Fourth, the registering organization must have a legally registered office with adequate facilities, equipment, and a technology system suitable for providing services.

Fifth, regarding personnel, the General Director (Director) must have a minimum of 2 years of experience in finance, securities, banking, insurance, or fund management. The Chief Technology Officer or equivalent position must have at least 5 years of experience in information technology. Additionally, the organization must have at least 10 technology personnel with cybersecurity certifications and at least 10 personnel with securities professional certifications working in other operational departments.

Mr. Minh

Source: https://baochinhphu.vn/bat-dau-tiep-nhan-ho-so-cap-phep-thi-truong-tai-san-ma-hoa-tu-ngay-20-1-102260120185611897.htm