The draft Resolution on piloting the development of the digital asset and cryptocurrency market is expected to be submitted to competent authorities in August 2025. One of the notable contents is the permission to establish the first digital asset trading floor in Vietnam.
Vietnam pilots digital asset trading platform
According to data from CoinMarketCap, there are currently more than 19 million cryptocurrencies in the world , with a total market capitalization of about 3,720 billion USD. Of which, Bitcoin dominates with a capitalization of about 2,278 billion USD, followed by Ethereum, XRP, USDT, BNB...
Bitcoin is currently the dominant cryptocurrency with a market capitalization of about $2,278 billion.
However, according to experts, not all digital assets are suitable for inclusion in the pilot portfolio.
Lawyer Dao Tien Phong, CEO of Investpush Law Firm, said that Vietnam needs a set of transparent and strict criteria to select digital assets that are allowed to be traded. Factors to consider include liquidity, popularity, and the process of listing shares on the stock exchange. "In the early stages, we should focus on popular coins with large capitalization such as Bitcoin and Ethereum. Coins with few people trading, especially meme coins, have many potential risks and should not be included in the list," Phong suggested.
He also stressed the importance of implementing Know Your Customer (KYC) procedures to prevent money laundering.
Some other opinions say that to put a coin into trial trading, it is necessary to ensure criteria such as: high capitalization, large user community, and a stable operating history of at least 5 years.
In addition, experts also note the clear classification of digital assets to avoid confusion among investors, leading to exploitation and "chicken herding".
Risk warning for uninformed investors
A survey by Ivy Digital Asset Media Company in Vietnam shows that nearly 50% of investors with income under 500 USD/month suffered losses when participating in the cryptocurrency market. Many people also confuse different types of assets, even including stocks, gold, and real estate in the category of "digital assets".
Some initial analysis from the Institute for Banking Technology Development Research (University of Economics and Law, VNU-HCM) shows that although Vietnam ranks second in the world in the percentage of people owning cryptocurrencies (21.2%), there is still a large gap between subjective perception and actual knowledge of investors.
Faced with this situation, experts say that in parallel with piloting the market, Vietnam needs to strengthen financial education and raise investment awareness, thereby helping people make informed decisions and limit risks and fraud.
Source: https://nld.com.vn/viet-nam-nen-chon-loai-tien-so-nao-khi-thi-diem-san-giao-dich-tai-san-so-196250804100210055.htm
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