Vietnam pushes local crypto exchanges as Hanoi moves to block offshore trading

first published 2026-03-17T11:01:39Z

Vietnam is preparing rules to prohibit citizens from trading on overseas crypto exchanges (including Binance and OKX) to curb capital outflows and improve monitoring and taxation. The Ministry of Finance plans to pilot locally licensed exchanges this month; five firms linked to Techcombank, VPBank, LPBank, VIX Securities and Sun Group passed initial screening. A proposed 0.1% tax on trades through licensed platforms is under discussion. Observers warn users may shift to DEXs, non-custodial wallets and P2P trading, and that Vietnam’s legal framework still lacks clear rules on taxation, compliance and risk management.

AI Analysis

The government will ban use of overseas exchanges (including Binance and OKX) and pilot licensed local platforms with a proposed 0.1% trade tax—concrete regulatory actions that restrict access to major CEXs and change cost/monitoring for traders. The summary also notes likely migration to DEXs/P2P and outstanding legal/tax clarity, reducing immediate onshore centralised exchange liquidity; these are factual items from the summary.

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