Draft rules tighten reporting requirements for crypto-asset market

Crypto-asset service providers would be required to submit audited reports on client assets to the State Securities Commission twice a year, by July 31 and January 31, under a Ministry of Finance draft circular on reporting and information disclosure for the pilot crypto-asset market.

Crypto-asset service providers would be required to submit audited reports on client assets to the State Securities Commission twice a year, by July 31 and January 31, under a Ministry of Finance draft circular on reporting and information disclosure for the pilot crypto-asset market.

Under the draft circular, which is intended to implement Government Resolution 05/2025/NQ-CP, crypto-asset service providers and issuers would be required to disclose information and submit reports to the State Securities Commission (SSC) in both Vietnamese and English. The information must be accurate, truthful, timely, comprehensive and not misleading.

Information would be made public by publishing on enterprises' websites, through the SSC’s information disclosure system and via other mass media. Disclosed information, reports and electronic data must be retained for at least 10 years, while information published online must remain accessible for at least five years.