Vietnam is preparing to restrict access to overseas cryptocurrency platforms as regulators push forward with a plan to launch the country’s first licensed digital asset exchanges, according to a government document reviewed by Reuters.

The Ministry of Finance is drafting rules that would prohibit Vietnamese citizens from trading on foreign exchanges such as Binance, OKX, and Bybit. The move aligns with a five-year pilot program designed to bring crypto trading under domestic supervision while limiting capital outflows.

The policy shift comes as Vietnam ranks among the most active cryptocurrency markets globally. Data from Chainalysis shows Vietnamese users transacted more than $200…

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