Vietnam plans to issue its first crypto asset service provider licenses in 2026 under a new pilot legal framework, enabling digital asset platforms to begin operations. The initiative marks a significant step toward formalizing the country's cryptocurrency sector through regulated licensing. State Securities Commission Chairwoman Vu Thi Chan Phuong confirmed the regulatory mechanism incorporates FATF recommendations and EU models. The framework prioritizes risk management, investor asset protection, and anti-money laundering compliance as core pillars of the licensing regime.