Vietnam -- AML/CFT Compliance Regulatory Overview
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Vietnam's AML/KYC Requirements for Cryptocurrency Service Providers
Vietnam's cryptocurrency service providers must comply with comprehensive anti-money laundering and know-your-customer requirements established under the Digital Technology Industry Law (effective January 1, 2026) and Resolution No. 05/2025/NQ-CP (issued September 9, 2025).[1][4]
Customer Due Diligence Requirements
Know Your Customer (KYC) measures are mandatory for all cryptocurrency service providers.[1] Updated KYC procedures apply to transactions valued at least USD 1,000 equivalent.[2] Foreign investors must maintain a single VND cash account at a licensed local bank for all transactions.[2]
AML/CTF Obligations
All digital asset activities must strictly implement anti-money laundering (AML) and counter-terrorism financing (CTF) measures.[1] Service providers must adopt these compliance measures alongside cybersecurity and transparency enhancements to reduce financial crime risks.[1] Specifically, providers must comply with global standards including the FATF Travel Rule.[3]
Record-Keeping Requirements
Service providers face stringent 10-year data retention obligations, maintaining records on servers located in Vietnam that include:[2]
- Transaction history
- Originator and beneficiary details (including wallet addresses)
- IP/device access logs
- Account opening information
Regulatory Oversight
Multiple authorities oversee compliance:[4]
- Ministry of Finance (MOF) — Lead authority
- State Securities Commission (SSC) — Licensing review and compliance monitoring
- State Bank of Vietnam (SBV) — Financial oversight
- Ministry of Public Security (MPS) — Cybersecurity and financial integrity
The licensing regime requires exchanges to adopt robust processes for risk management, customer asset custody, and complaint resolution.[4]
Licensing Framework
Cryptocurrency exchanges operate under a five-year pilot program with the first licensed exchanges potentially launching by March 2026.[7] Applicants must meet a minimum charter capital requirement of 10 trillion Vietnamese dong (approximately $400 million) and comply with strict governance and cybersecurity standards.[7] Foreign ownership is capped at 49%.[7]
This regulatory framework aligns Vietnam with international standards, particularly addressing FATF grey list concerns.[3][8]
References
This article was generated by Perplexity Sonar .
Primary Sources
https://sanctionssearch.ofac.treas.gov[7. (n.d.). https://sanctionssearch.ofac.treas.gov[7. Retrieved April 18, 2026, from https://sanctionssearch.ofac.treas.gov[7
ofac.treasury.gov. (n.d.). ofac.treasury.gov. Retrieved April 18, 2026, from https://ofac.treasury.gov/sanctions-programs-and-country-information[8
Secondary Sources
www.mexc.com. (n.d.). www.mexc.com. Retrieved April 18, 2026, from https://www.mexc.com/news/987142
www.mexc.com. (n.d.). www.mexc.com. Retrieved April 18, 2026, from https://www.mexc.com/news/988881
thevietnamese.org. (n.d.). thevietnamese.org. Retrieved April 18, 2026, from https://thevietnamese.org/2026/03/viet-nam-tightens-digital-control-cybersecurity-decrees-fast-tracked-as-police-arrest-crypto-exchange-operators/
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