The Vietnam government approved the appearance of digital assets market in the country – in test mode for the next five years. The authorities want to control the trade in crypto actures, developing without a local legislative framework.

According to the government, to launch trading platforms and to produce tokens is allowed only to local companies. AMISSIA, trade and calculations – should be carried out exclusively in the Dongs, Vietnamese national currency. The release of tokens is allowed exclusively for the sale of foreign investors. The status of cryptocurrency as a payment fund has remained unchanged – this function of digital assets is prohibited.

The minimum capital for launching crypto platforms, according to the decision, should be 10 trillion dongs ($ 379 million). From capital, at least 65% are required to provide investors-legal entities. Among them, at least two institutions like a bank, a brokerage or management company are required to be, more than 35% of the crypto platform owns them. Citizens of other countries, and the Vietnamese cryptocurrencies, can register on the platform.

The pilot is designed to help the authorities evaluate the dynamics of the digital assets market and form a regulatory model that will integrate crypto acts into the financial system was announced by officials.

Earlier, the Vietnam government announced the launch of the NDACHAIN ​​national blockchain platform, designed for the state digital ecosystem-to verify records and transactions.