Vietnam proposes allowing crypto as collateral for bank loans

Vietnam's Ministry of Finance has unveiled a proposed amendment to its law on supporting small and medium-sized enterprises that would permit cryptocurrencies to be used as collateral for bank loans, FinanceFeeds reported. The move aims to shift away from the traditional reliance on real estate collateral and integrate liquidity from the country's active retail crypto market into the formal financial system. The bill is scheduled to be submitted to the National Assembly this October and, if passed, will take effect on July 1, 2027.