2200亿市场将被“收编”？越南出手重塑加密规则

Vietnam plans to launch a 5-year crypto asset pilot in the second quarter of 2026, with a clear core goal:
Gradually guide the original offshore-dominated, relatively unregulated trading system into a compliant domestic market.
Current data already illustrates the issue:
Vietnam's annual trading volume is about 220 billion to 230 billion USD, with a daily average of over 600 million USD, making it an underestimated high-activity market.
The key points of the new regulations are threefold:

Only local registered institutions that meet strict capital and compliance requirements are allowed to participate

Limit trading targets, prioritizing projects with real asset backing

Complete guarantees and settlements through the domestic system

Structurally, this is not just simple regulation, but a “market reconstruction”:
Funds, liquidity, and participation thresholds will all be redefined.
In the short term, it may suppress some active free trading;
but in the long term, it will help improve market trust and capital quality.
In the crypto world, every tightening of regulation is essentially a reshuffle.
Those who remain are not necessarily the most aggressive, but the ones best able to adapt to the rules. True opportunities often lie after the order is rebuilt.