Legal source library

20 sources. Primary texts first. No invented sections.

Last checked 29 Oct 2026. Where a section is unverified we say so. Corporate and companion items are labelled as such.

20 / 20

A01AIFC / AFSA

AFSA — List of Regulated Activities

Sections: Official index page of AFSA regulated activities.
Why it matters: Each neobank product must map to one or more distinct AIFC regulated activities; one licence does not cover all.
Implementation question: Which activity combination would each product require if benchmarked to AIFC?

BankingCustodyCreditInvestment management

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A02AIFC / AFSA

AFSA — Accepting Deposits

Sections: Specific sections not yet verified — read the full text.
Why it matters: Benchmark for treating deposit-taking as a distinct banking activity requiring bank authorisation.
Implementation question: Does the VIFC member-bank licence mirror this activity boundary and its prudential conditions?

BankingDeposits

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A03AIFC / AFSA

AFSA — Providing Credit

Sections: Specific sections not yet verified — read the full text.
Why it matters: Fiat lending against crypto collateral is a credit activity first; collateral type does not change that.
Implementation question: Which VIFC entity may provide credit, to whom, and against which collateral classes?

Credit

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A04AIFC / AFSA

AFSA — Providing Custody

Sections: Specific sections not yet verified — read the full text.
Why it matters: Crypto Vault is a custody service, not a deposit; segregation and client-asset rules apply.
Implementation question: Is digital-asset custody an explicitly permitted activity in VIFC, and under which instrument?

CustodyDigital assets

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A05AIFC / AFSA

AFSA — Managing Investments

Sections: Specific sections not yet verified — read the full text.
Why it matters: Earn products that deploy client assets at discretion may resemble investment management.
Implementation question: Would a discretionary yield strategy be classified as portfolio management or a collective scheme?

Investment managementDigital assets

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A06AIFC / AFSAVerify URL / index only

AFSA Rulebook portal (Orderly) — Banking Prudential module index

Sections: Portal root only. Navigate to the Banking Prudential module manually; no deep link is asserted here.
Why it matters: Capital, liquidity and large-exposure benchmarks for crypto-collateralised exposures.
Implementation question: What risk weight or deduction would a VIFC bank apply to crypto-collateralised loans?

Capital & prudentialBanking

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A07AIFC / AFSA

AIFC Financial Services Framework Regulations (FSFR)

Sections: Specific sections not yet verified — read the full text.
Why it matters: Framework for licensing, the general prohibition and AFSA powers; basis for benchmarking.
Implementation question: Which FSFR concepts does the VIFC regime adopt, and which differ?

BankingConsumer protectionAML / CFT

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A08AIFC / AFSA

AFSA Digital Asset Activities rules — 2.13.3 Lending and Staking

Sections: Rule 2.13.3 (as titled on source).
Why it matters: A digital asset trading facility may not offer member lending facilities unless reasonably satisfied the user is a Professional Client; an exception concerns collateral provided to the Authorised Firm. Route-dependent — not a blanket ban on all crypto loans.
Implementation question: Would any VIFC Earn or lending product be restricted to professional clients by analogy?

Digital assetsCreditConsumer protection

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A09AIFC / AFSA

AIFC Rules on Digital Asset Activities (module)

Sections: Specific sections not yet verified — read the full text.
Why it matters: A digital asset trading facility permission does not by itself authorise deposit-taking, yield or crypto lending.
Implementation question: Which digital-asset activities would a VIFC CASP need beyond trading?

Digital assetsCustody

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A10AIFC / AFSA

AFSA FinTech Lab

Sections: Programme page.
Why it matters: Sandbox model for testing under restrictions; any published participant example is not a blanket licence.
Implementation question: Does VIFC offer an equivalent controlled-testing route with client caps?

Sandbox / FinTech

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A11AIFC / AFSA

AFSA FinTech — Authorisation process

Sections: Specific sections not yet verified — read the full text.
Why it matters: Illustrates staged application, restricted licence and exit criteria.
Implementation question: What evidence pack would a VIFC sandbox application require?

Sandbox / FinTech

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V01Viet Nam

Resolution 222/2025/QH15 on the International Financial Centre in Viet Nam

Sections: Specific sections not yet verified — read the full text.
Why it matters: National Assembly foundation for VIFC: special mechanisms, members, supervision and dispute resolution.
Implementation question: Which provisions govern banking, FX, digital assets, sandbox and disputes for VIFC members?

BankingFX & cross-borderDigital assetsSandbox / FinTechDisputesAML / CFT

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V02Viet Nam

Decree 329/2025/ND-CP (official English PDF via VIFC Da Nang)

Sections: Art. 3 (definitions incl. deposit taking in money); Art. 5 (VIFC member banks do not participate in Viet Nam deposit insurance). Other articles: verify.
Why it matters: The existing VIFC banking enabling regime — the neobank is not a blank slate.
Implementation question: What licence, capital, client and currency limits apply to a VIFC member bank?

BankingDepositsCapital & prudentialConsumer protectionFX & cross-border

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V03Viet Nam

Resolution 05/2025/NQ-CP on piloting the crypto-asset market (official gazette entry)

Sections: Art. 6 (primary offering only to foreign investors); Art. 13 (foreign investors' specialised VND account). Scope excludes securities and fiat-backed assets.
Why it matters: Pilot covers crypto assets issued by Vietnamese enterprises, backed by non-securities real assets, traded via MoF-licensed venues. Interaction with bank deposits must be assessed product-by-product.
Implementation question: Does the pilot apply inside VIFC, or does VIFC have a separate digital-asset perimeter?

Digital assetsFX & cross-borderCustody

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V04Viet Nam

Resolution 05/2025/NQ-CP — full text (Government policy portal)

Sections: Full text; see Art. 6 and Art. 13 as above.
Why it matters: Readable full text for article-level checks.
Implementation question: Do tokenised commodity records fall within the pilot's crypto-asset definition?

Digital assetsCommodities

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V05Viet Nam

VIFC Da Nang — official legislation index

Sections: Index page; use to locate current decrees and English versions.
Why it matters: Authoritative entry point for the VIFC legal stack.
Implementation question: Which implementing decrees and circulars have been issued since the last check?

BankingFX & cross-borderAML / CFTDisputesSandbox / FinTech

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V06Viet Nam

Decree 323/2025/ND-CP

Sections: Subject matter and sections to be verified against the official text.
Why it matters: Part of the VIFC implementing package; scope must be read before relying on it.
Implementation question: Which governance, member or operator rules in this decree affect the neobank?

BankingAML / CFT

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V07Viet Nam

Decree 330/2025/ND-CP — commodity exchange

Sections: Specific sections not yet verified — read the full text.
Why it matters: Relevant if tokenised commodity records or warehouse receipts interact with a VIFC commodity exchange.
Implementation question: Can warehouse documents be listed, pledged or settled via the exchange?

CommoditiesCredit

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C01Corporate proposalCorporate proposal · not law · no approval implied

HDBank — draft GMS resolution on establishing a subsidiary bank in VIFC (26 Mar 2026)

Sections: Corporate shareholder draft — not law.
Why it matters: Shows a proposed 100%-owned VIFC subsidiary; current corporate and authorisation status awaits verification.
Implementation question: Has the resolution been adopted, and has any licence application been filed or granted?

BankingCapital & prudential

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C02CompanionWorking companion · not official

AIFC → VIFC Tokenisation Launchpad (independent research companion)

Sections: Working research companion — not an official source.
Why it matters: Deeper tokenisation analysis that complements this workspace.
Implementation question: Are its conclusions consistent with the latest official texts?

Digital assetsCommodities

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A12 (FSFR duplicate of A07) was merged into A07 to avoid listing the same document twice.