Latest Progress on CAEX’s Participation in Vietnam’s Government Pilot & License Application
CAEX Exchange (Vietnam Prosperity Crypto Asset Exchange JSC), as one of the pioneer platforms promoting compliance in Vietnam, has made major breakthroughs in participating in government pilot programs and applying for regulatory licenses.
1. Policy Background: Resolution No. 05/2025/NQ-CP
The Vietnamese government issued Resolution No. 05/2025/NQ-CP, officially launching a 5-year pilot regulatory framework for the crypto asset market. Supervised by the Ministry of Finance, the resolution sets extremely strict entry barriers for participating exchanges:
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Paid-In Capital Threshold: Must reach at least 10 trillion VND (~$380 million USD) in paid-in capital.
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Shareholding Requirements: Institutional investors must hold no less than 65% of total equity, with foreign ownership capped at 49%.
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Technical & Security Standards: Must meet Level 4 information security standards and fully implement Anti-Money Laundering (AML), Know Your Transaction (KYT), and Travel Rule frameworks.
2. Latest Progress on CAEX’s Compliance License Application
① Capital Injection Completed (10 Trillion VND)
To satisfy the mandatory capital requirement, CAEX rapidly completed its capital allocation through its parent ecosystem and international strategic partners. Led by VPBank Securities (VPBankS) and LynkiD, global Web3 leaders OKX Ventures and HashKey Capital participated in the strategic round. In April 2026, CAEX officially passed the verification for 10 trillion VND in paid-in capital.
② Preliminary Approval Secured
CAEX is among the 5 pilot enterprises that secured a Preliminary License / Intent Approval from Vietnamese regulatory authorities. The company has finalized system architecture, compliance audits, and financial verifications.
③ Licensing Timeline & Final Approval Status
According to official disclosures at the VPBank Shareholders’ General Meeting, CAEX’s technical, risk management, and capital infrastructure are fully operational. The platform is currently in the final stage awaiting the official issuance of its Full Operating License. Once approved, CAEX will become one of the first fully licensed digital asset exchanges operating legally in Vietnam.
3. System Engineering & Risk Control Infrastructure
To align with Resolution No. 05 and subsequent tax rules, CAEX has deployed comprehensive infrastructure:
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Risk Control & AML: Integrated on-chain transaction monitoring and wallet address screening to automatically detect suspicious financial activity.
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Bank-Grade On/Off-Ramps: Leveraged the VPBank financial architecture to establish compliant, segregated VND fiat custody and settlement channels.
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Tax Withholding Readiness: In compliance with the Ministry of Finance’s crypto tax circulars (Circular 32 & 41/2026/TT-BTC), CAEX’s backend infrastructure supports automated Corporate Income Tax (CIT) and Personal Income Tax (PIT) withholding and reporting.
Summary
CAEX is currently at the stage of “Preliminary Approval Granted, Capital Threshold Met, Awaiting Final License Release.” Supported by traditional financial leadership (VPBankS) and Web3 giants (OKX, HashKey), CAEX occupies a central position in Vietnam’s regulated crypto pilot framework.【Vietnam Crypto Exchange】