Korea will impose a 22% Tax on Capital Income from Crypto from 2027

The Korean government officially confirmed that it will apply capital income tax on crypto starting from 2027, with a tax rate of 22% on profits from 2.5 million won (about 45 million VND or 1,800 USD) or more.

5/8/20262 min read

Vietnam's developing cryptocurrency market

Mr. Chris Chiew has experience combining the traditional financial sector and the global digital asset infrastructure. Before joining CAEX, he oversaw global spot trading and digital asset custody at Binance.

Before that, he had worked for more than 12 years at Goldman Sachs, in major financial centers such as Singapore, Tokyo and Beijing.

This combination has important strategic significance. As Vietnam aims for a tightly regulated cryptocurrency legal framework, exchanges are increasingly looking for executives who are able to grasp both institutional financial standards and cryptocurrency-based operating models.

In this environment, experience in regulatory compliance, custody and market infrastructure becomes a competitive advantage rather than merely a management degree.

CAEX Moves Closer To Legality From Organizations

This appointment also signals CAEX's broader ambition to position itself as a tightly regulated platform, suitable for institutions, rather than just a trading platform focused on individual investors.

On May 12, Mr. Chris Chiew is expected to represent CAEX at the Digital Confidence Forum in Finance 2026, a forum supported by the Ministry of Public Security of Vietnam and coordinated with the Ministry of Finance and the State Bank of Vietnam.

The meaning of this participation lies in signaling, not just in presence. In the emerging legal environment, the proximity to policy discussions often reflects which companies are being valued in the ecosystem of organizations.

Capital mobilization in accordance with Vietnam's legal requirements

CAEX has also strengthened its financial position before the licensing process. The company has recently received strategic investment from OKX Ventures and HashKey Capital, raising charter capital to about 10 trillion VND.

This moment is remarkable because Vietnam's pilot legal framework for digital asset exchanges is expected to require significant financial capacity and operational protection measures from participating platforms.

By raising strong capital before approval, CAEX seems to be positioning itself not only as a candidate, but also as a platform capable of meeting compliance standards and infrastructure at the organizational scale.

The licensing race in Vietnam begins to take shape

This company is said to be one of the few platforms that has passed the first profile review stage in the growing exchange licensing process in Vietnam. Other companies have entered the initial approval stages including platforms such as TCEX and SCEX, showing that the domestic exchange race is beginning to focus on a small group of serious institutional competitors.

This marks a major change for Vietnam's cryptocurrency industry. For many years, the market operated mainly through foreign exchanges and unofficial participation. The emergence of a managed licensing process that provides capital requirements, operational supervision and legal liability brings the sector closer to the traditional financial market structure.

Evaluation and conclusion

CAEX's appointment of Chris Chiew is not merely a high-level personnel change. It reflects a broader transition unfolding in Vietnam's digital asset sector, where exchanges are evolving from startup-like platforms into competitive institutions for legal recognition and a long-term market infrastructure role.

And as the licensing race accelerates, the companies most likely to succeed may not be the ones with the strongest voice in the market but the ones most capable of adjusting innovation in the cryptocurrency sector to match the standards of traditional finance and state oversight.

Disclaimer: The information presented in this article is the author's personal opinion in the field of cryptocurrencies. This is not financial or investment advice at all. Every investment decision should be based on careful consideration of your personal portfolio and risk tolerance. The opinion in the article does not represent the official position of the platform. We recommend that readers do their own research and consult experts before making any investment decisions.

Synthesized and analyzed by HCCVenture

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