越南启动加密资产交易试点计划，有望成为东南亚数字资产重要发展中心

Core Points - Vietnam has officially launched a pilot program for cryptocurrency trading, aiming to become a significant digital asset development center in Southeast Asia [1][3] Regulatory Framework - The issuance, trading, and payment of cryptocurrencies will be settled in Vietnamese Dong, applicable for exchange or investment, with tax policies initially following those for securities trading until specific regulations are established [1] - Issuers must be legally established limited liability companies or joint-stock companies in Vietnam, and the issued cryptocurrencies must be backed by physical assets, excluding securities and Vietnamese Dong [1][2] - Cryptocurrencies can only be publicly issued to foreign investors and traded among investors through licensed service providers approved by the Ministry of Finance [1][2] Investor Participation - Domestic investors can hold cryptocurrencies and trade them through licensed service providers, but must trade for at least six months to avoid penalties [2] - Licensed service providers must be Vietnamese enterprises with a registered capital of at least 10 trillion Vietnamese Dong, with specific ownership and operational requirements [2] - Each organization or individual is allowed to invest in only one cryptocurrency service provider [2] Operational Requirements - Applicants must have suitable headquarters and technical systems, with management requiring relevant financial experience [2] - A minimum of 20 certified technical and securities professionals must be employed, and the IT system must pass security certification before operation [2] Market Potential - According to Chainalysis, Vietnam's cryptocurrency market value has surpassed $220 billion, ranking third in the Asia-Pacific region, indicating strong potential for growth in the digital asset sector [3]