Regulations
By Pankaj K
1 / 15
What the Pilot Framework Actually Covers. The pilot is designed to grant licenses to digital asset platforms, letting them operate legally…
2 / 15
Austria's FMA as a Regulatory Blueprint. The FMA was established in 2002, and it's spent over two decades building out a compliance and…
3 / 15
What Comes Next for Platforms and Investors. It's unclear yet exactly which types of platforms will qualify under the pilot or what the…
4 / 15
Vietnam is moving fast. The country wants to license crypto-asset service providers under a pilot legal framework, with operations expected to kick off in 2026.
5 / 15
The details came out of a September 15 meeting in Vienna between Vietnamese Deputy Minister of Finance Nguyen Duc Chi and Mariana Kuhnel, Executive Director of the Austrian…
6 / 15
Chi pushed hard on the SME angle too. He said updating policies to support governance and compliance for small and medium businesses is a priority.
7 / 15
Kuhnel, for her part, laid out how Austria fits into all this. The FMA doesn't write EU financial rules — Brussels does that — but the FMA is responsible for actually…
8 / 15
The FMA was established in 2002, and it's spent over two decades building out a compliance and enforcement architecture that now has to deal with digital assets alongside…
9 / 15
See also: CFTCs Major Crypto Asset Regulation Proposal Reaches White House for Review
10 / 15
Kuhnel proposed online technical workshops and tighter coordination through the International Organisation of Securities Commissions — IOSCO — as concrete next steps. Chi said yes.
11 / 15
Stablecoin adoption and peer-to-peer crypto trading have grown sharply across Southeast Asia in recent years, and Vietnam has been one of the more active markets in the region.
12 / 15
What's clear is that Vietnam isn't building this in isolation. The FATF angle is important — Vietnam has worked to address concerns about its anti-money laundering controls in…
13 / 15
See also: FCAs New Crypto Ad Rules Mandate Risk Disclosures and 24-Hour Cooling-Off Period
14 / 15
The EU regulatory model, particularly MiCA — the Markets in Crypto-Assets regulation — gives Vietnam a relatively fresh template to borrow from.
15 / 15
Chi and Kuhnel's meeting in Vienna on September 15 was the starting gun, not the finish line. The SSC still has work to do before any licenses actually get issued.
The Currency Analytics
Want the full story?