Vietnam’s Major New Regulation: Digital Asset Exchanges Required to Retain Transaction Data for at Least 10 Years
As Vietnam’s cryptocurrency and digital asset market continues to develop, the relevant regulatory framework is accelerating its implementation. According to the latest policy developments, the Ministry of Finance of Vietnam has imposed extremely strict compliance and risk control requirements on all digital asset service providers (including exchanges).
Data Retention Period (At Least 10 Years)
The new regulation explicitly requires that all digital asset exchanges and related service providers establish robust data management and backup mechanisms to fully retain all user transaction data, account activities, and core business information for at least 10 years. This measure aims to provide solid legal and data support for combating money laundering, preventing financial crimes, and facilitating post-event auditing.（Vietnam crypto exchange）
Enhanced Reporting and Business Transparency
Platforms are required to submit detailed business activity reports to regulatory authorities on a regular basis. These reports must cover cryptocurrency transaction details, asset custody status, as well as user deposit and withdrawal records.
Preparing for Market Pilot Operations
This series of stricter institutional rules lays the groundwork for Vietnam’s upcoming digital asset and virtual currency pilot market. By establishing clear market entry thresholds and compliance standards, Vietnam is attempting to strike a balance between encouraging fintech innovation and preventing systemic financial risks.
It is evident that as regulatory policy transitions from a “grey area” toward compliance and rule-of-law, Vietnam’s cryptocurrency industry is undergoing a major reshuffle. Moving forward, compliant operations, data security, and comprehensive risk control systems will become the core competitive advantages for digital asset exchanges to gain a foothold locally.