Cryptocurrency Regulation in Vietnam

Formation of a business in Vietnam comes with a lot of benefits for foreign investors who desire to discover emerging industries like cryptocurrency. Amongst these benefits are the similar regulations and the same taxation system. Furthermore, Vietnam is one of the first Asian countries to generate regulations for cryptocurrency transactions.

There are plenty of advisory in Vietnam those who can give details how foreign enterprisers can start cryptocurrency businesses in this country.

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Steps to register a cryptocurrency company in Vietnam

Overseas entrepreneurs who desire to register cryptocurrency businesses in Vietnam ought to follow the similar process and steps like for some sort of Fintech Company. These steps are:

  • select the right business form for the actions to be undertaken;
  • arrange the documents connected to the company incorporation and register them with the Business Registration Office;
  • arrange an investment plan and a probability study to demonstrate what impact the company will have on the economy and register it with the similar office;
  • Open a corporate bank account put the share capital and registers for taxation purposes.

Currently, there are no particular licensing needs for registering cryptocurrency companies in Vietnam.

You would find company formation consultants who can assist investors during the incorporation of the cryptocurrency business.


New legislation on cryptocurrencies in Vietnam

At the beginning of 2018, the government jointly with the Vietnam National Bank determined to work on latest regulations for the cryptocurrency sector which aim the taxation of companies concerned in such activities. The law is complete in the mid of 2019.

The Vietnamese authorities permit for the subsequent activities to be carried out:

  • Cryptocurrency mining activities which involve the utilization of computers to produce new digital money;
  • The utilization of blockchain technology to finish a variety of actions, such as smart contract signing;
  • Initial coin offering (ICOs) which involve the beginning of new cryptocurrencies in order to heave funds for startups;
  • • The formation of IT companies which can build new virtual money.

There is still a fuss about Vietnam first cryptocurrency exchange launch. It will be advisable if you concern the local advisory for the formation of the cryptocurrency company in Vietnam. As per the latest update a memorandum of understanding has been signed with Linh Thanh Group, a Vietnam-based distribution company, for the development of the country’s first crypto trading platform and soon you will be seeing the first ever cryptocurrency exchange in Veitnam.

Crypto Exchange Registration

A cryptocurrency exchange has the toughest requirements from the VFA services regulated in Malta. When holding clients money, VFA’s and cryptographic keys the regulation takes great care of protecting users. Let us guide you through the complete registration of registering your cryptocurrency exchange.

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ICO registration company

Raise capital for your venture by registering an ICO. Let us guide you through the entire process from assessing your tokenomic model, creating smart contracts, legal document requirements, marketing and tax planning.

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