Vietnam, Austria Focus On Crypto Oversight Ties Ahead Of 2026 Licenses

Vietnam and Austria are deepening practical cooperation on financial-market supervision, with digital assets at the center of the conversation. On September 15 in Vienna, Vietnamese Deputy Minister of Finance Nguyen Duc Chi met Mariana Kühnel, the newly appointed executive director of Austria’s Financial Market Authority (FMA).

Officials from Vietnam’s State Securities Commission (SSC), the Ministry of Finance, and related market institutions joined the session, which mixed experience-sharing with a search for concrete channels of future work.

Chi welcomed Austria’s account of how it has updated supervision as technology and new asset classes have arrived.

The discussion then turned to crypto-assets. Vietnam, he said, already has a pilot legal framework in place and expects the first licensed crypto-asset service providers to begin operating in 2026.

That target is an official expectation under the pilot, not a claim that licenses have already been issued.

SSC Chairwoman Vu Thi Chan Phuong described the next layer of work: a supervisory mechanism covering both service providers and investor transactions.

The said design now reportedly draws on Financial Action Task Force (FATF) recommendations and puts weight on risk management, protection of client assets, and anti-money-laundering controls.