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ToggleInternational Workshop in Hanoi on ASEAN Digital Asset Supervision: Trends, Challenges and Regional Cooperation
On August 21 and 22 in Hanoi, the State Securities Commission (SSC) hosted the ASEAN Capital Markets Forum (ACMF) workshop, focusing on the topic of supervision and enforcement in the field of digital assets . This event is within the framework of the ACMF Market Development Program (A-MDP) with the support of the Asian Development Bank (ADB) .
In his opening speech, Mr. Bui Hoang Hai - Vice Chairman of the State Securities Commission said that over the past decade, the digital asset market has grown explosively and has had an increasingly large impact on the global financial system. There was even a time when the total global Capital of this market exceeded the threshold of 4,000 billion USD , with millions of types of crypto assets appearing and countless new trading models continuously emerging.
However, with the opportunities come a host of regulatory challenges . The decentralized, Borderless and anonymous nature of blockchain technology makes oversight complex. The risks associated with money laundering, terrorist financing and misuse of financial technology are increasingly present, requiring close coordination not only within countries but also between ASEAN and international Capital markets.
Mr. Bui Hoang Hai emphasized: “The management agency needs to both improve the domestic legal framework and promote regional cooperation, gradually building common standards while still respecting the specific development characteristics of each country.”
ASEAN tightens cooperation to monitor digital asset market
In an online speech, Mr. Sou Socheat - Director General of the Securities and Exchange Commission of Cambodia (SERC) affirmed his excitement when ASEAN moves towards the ACMF Enforcement Leadership Network (ACMF EDN) . This is XEM an important platform to help regulatory agencies in the region enhance their capacity to respond to emerging risks in the digital asset market.
Mr. Sou Socheat also said that as Co-Chairs of A-MDP, SERC and the State Securities Commission of Vietnam play a pivotal Vai in building the capacity of young regulators in Cambodia, Laos, Myanmar and Vietnam . The initiatives cover a number of key areas such as:
Supervision of collective investment funds (CIS) and Derivative
Corporate bonds and corporate governance
Financial technology (fintech)
Transparent information disclosure system
These collaborations are expected to help ASEAN build a digital asset ecosystem that is dynamic, safe and sustainable .
ADB's perspective: Nearly 1 billion people will participate in digital assets this year
Mr. Shantanu Chakraborty - ADB Country Director in Vietnam Chia that it is forecasted that this year , nearly 1 billion people worldwide will participate in digital asset transactions . In ASEAN alone, this number has exceeded 70 million users , making the region one of the pioneering markets in fintech applications.
However, Mr. Chakraborty also expressed concerns about global challenges:
Strong price fluctuations lead to the risk of financial instability
Fraud, scams in decentralized trading
Legal Gap Between Countries
According to him, ADB will continue to accompany ACMF through technical assistance, legal framework and management capacity building initiatives , to ensure sustainable and comprehensive development of the regional Capital market.
Management practices and new stories from international markets
At the workshop, experts from many ASEAN countries Chia practical experiences in managing the digital asset market. Many lessons were drawn, notably cross-border coordination to handle violations.
In fact, several countries in the region have recently faced major cryptocurrency scams , causing losses of hundreds of millions of dollars. This further demonstrates the need for a joint information Chia and investigation mechanism among ASEAN countries.
Not only ASEAN, the world is also witnessing major changes. In the US, after Donald Trump returned to the White House in 2025 , the new administration has given tougher signals to illegal cryptocurrency exchanges . This policy is creating a wave of debate about the balance between freedom of technological innovation and national financial security .
Directions for ASEAN Digital Asset Market
Despite many challenges, the workshop in Hanoi showed that ASEAN has a common perception that digital assets are an irreversible trend . Building a legal framework, Chia experiences and close cooperation will be the foundation for this region to develop a transparent, safe and potential digital market .
With rapid growth, the regional financial community believes that in the coming years, ASEAN will become the new center of the global digital economy , where both investment opportunities and innovation converge.
