From Anonymity to Oversight: Why Crypto Transparency is Vital for Vietnam’s Economy
In the discussion session at Conviction 2026, Mr. Tô Trần Hòa, Deputy Head of the Standing Committee of the Management Board for the Crypto Asset Trading Market (State Securities Commission), stated that the biggest challenge at present is changing the mindset of the entire system as the market enters the pilot phase. Vietnam crypto exchange
According to Mr. Hòa, investors and organizations have long been accustomed to decentralized finance (DeFi) and anonymous transactions on the network, leading to numerous consequences.
Therefore, transitioning to a public, transparent model is a mandatory step to protect the interests of domestic investors and implement measures to prevent and combat illegal financial activities.
If Vietnam does not effectively control anti-money laundering issues and continues to remain on the FATF gray list, it is estimated that annual GDP could suffer losses of 3 – 5%.
This is a very significant figure, requiring the market to be operated transparently to safeguard national reputation and finances.