Vietnam and Austria Collaborate on Crypto Regulation
- Vietnam plans to license its first crypto-asset service providers in 2026 under a pilot legal framework.
- Finance Minister Nguyen Duc Chi met with Austrian FMA head Mariana Kuhnel to discuss financial supervision cooperation.
- Vietnam’s reforms aim to help approximately 99% of SMEs access credit and capital markets.
- The FMA proposed joint IOSCO initiatives and expert technical meetings ahead of licensing platforms in Vietnam.
- SSC Chairwoman Vu Thi Chan Phuong emphasized risk management, investor protection, and anti-money laundering in the new supervisory mechanisms.
Vietnam is refining its financial regulations to accommodate new asset types, aiming for operational digital asset platforms by 2026. The collaboration with Austria focuses on exchanging expertise in financial oversight, enhancing Vietnam’s regulatory framework.
This partnership aims to modernize Vietnam’s financial market oversight while supporting SMEs’ access to capital markets through improved governance and compliance strategies. (Source)
