The Vietnamese government launches a five-year crypto pilot to regulate local transactions.

Techub News, according to Cointelegraph, the Vietnamese government launched a five-year cryptocurrency pilot program in September 2025, requiring all transactions to be conducted in Vietnamese dong through locally registered companies, aiming to channel trading activities from offshore platforms to the domestic market.

Chainalysis data shows that Vietnam recorded $200 billion in on-chain transaction volume in the 12 months ending June 2025, ranking third in Asia after India and South Korea. Currently, most local traders still rely on offshore exchanges such as Binance, OKX, and Bybit.