Vietnam’s crypto pilot program has seen no applicants, primarily because of steep capital requirements and bans on stablecoins. The Deputy Minister of Finance, Nguyen Duc Chi, highlighted that the ministry expects to launch the pilot program before 2026.
To participate, companies must meet stringent capital demands of around 10 trillion VND (379 million USD), a figure comparable to that of commercial banks. As a result, firms find Southeast Asian countries more appealing due to lower capital requirements.
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