# Vietnam Deletes 86 Million Bank Accounts Citing Biometric Mandates ▴ News

**Published:** 2025-09-22
**Categories:** News

---

The State Bank of Vietnam’s directive to purge 86 million accounts fundamentally alters the nation’s financial access architecture. This action, executed under the mandate of biometric verification, demonstrates the inherent vulnerability of centralized financial systems. The immediate consequence is the systemic exclusion of a significant portion of the population, approximately 43%, from the formal banking sector. This event provides a profound, real-world stress test, illustrating how regulatory mandates can instantly redefine and constrict access to capital.

The core implication is the validation of decentralized networks as a necessary parallel system, one where asset ownership is cryptographically secured and independent of permissioned access protocols. It exposes the operational risk tied to state-level control over financial infrastructure.

The mandated account purge in Vietnam serves as a powerful catalyst, highlighting the architectural superiority of decentralized systems for asset sovereignty in an environment of increasing state-level financial control.

- 
**Accounts Deleted** ▴ 86 million

- 
**Percentage of Total Accounts** ▴ ~43%

- 
**Stated Rationale** ▴ Mandatory biometric verification to prevent fraud and cybercrime

Signal Acquired from ▴ <a href="https://cryptoslate.com/vietnams-bank-account-purge-is-the-best-publicity-for-bitcoin/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" target="_blank" rel="nofollow">CryptoSlate</a>

**Tags:** [Central Bank Digital Currency](https://options.greeks.live/area/central-bank-digital-currency/), [Biometric Authentication](https://options.greeks.live/area/biometric-authentication/), [Decentralized Assets](https://options.greeks.live/area/decentralized-assets/), [Permissioned Finance](https://options.greeks.live/area/permissioned-finance/), [Capital Controls](https://options.greeks.live/area/capital-controls/), [Unbanked](https://options.greeks.live/area/unbanked/)	

## Discover More

- 
### [The Professional’s Guide to Early-Stage Crypto Investment Analysis](https://options.greeks.live/guide/the-professionals-guide-to-early-stage-crypto-investment-analysis/)
![A central teal sphere, representing the Principal's Prime RFQ, anchors radiating grey and teal blades, signifying diverse liquidity pools and high-fidelity execution paths for digital asset derivatives. Transparent overlays suggest pre-trade analytics and volatility surface dynamics. Pinned elements indicate precise RFQ protocol engagement and atomic settlement.](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-and-market-microstructure.jpg)

A professional guide to early-stage crypto analysis, moving from hype to a systematic, venture-capital-grade evaluation process.

- 
### [What Are the Primary Gaps in Consumer Protection between Banking and Crypto?](https://options.greeks.live/question/what-are-the-primary-gaps-in-consumer-protection-between-banking-and-crypto/)
![Precision interlocking components with exposed mechanisms symbolize an institutional-grade platform. This embodies a robust RFQ protocol for high-fidelity execution of multi-leg options strategies, driving efficient price discovery and atomic settlement. It optimizes market microstructure for digital asset derivatives.](https://options.greeks.live/wp-content/uploads/2025/07/precision-institutional-digital-asset-derivatives-execution-platform.jpg)

The gap is an architectural chasm between state-backed institutional trust and code-based, user-sovereign responsibility.

- 
### [What Are the Compliance and Risk Management Implications of Using Direct Market Access?](https://options.greeks.live/question/what-are-the-compliance-and-risk-management-implications-of-using-direct-market-access/)
![A precision-engineered metallic component displays two interlocking gold modules with circular execution apertures, anchored by a central pivot. This symbolizes an institutional-grade digital asset derivatives platform, enabling high-fidelity RFQ execution, optimized multi-leg spread management, and robust prime brokerage liquidity.](https://options.greeks.live/wp-content/uploads/2025/07/digital-asset-derivatives-rfq-core-for-institutional-trade-flow.jpg)

Direct Market Access necessitates a broker-dealer's robust, pre-trade control system to manage client-induced financial and regulatory risks.

- 
### [How Can a Firm Quantify the Value of Reduced Regulatory Risk?](https://options.greeks.live/question/how-can-a-firm-quantify-the-value-of-reduced-regulatory-risk/)
![A sophisticated system's core component, representing an Execution Management System, drives a precise, luminous RFQ protocol beam. This beam navigates between balanced spheres symbolizing counterparties and intricate market microstructure, facilitating institutional digital asset derivatives trading, optimizing price discovery, and ensuring high-fidelity execution within a prime brokerage framework.](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-protocol-execution-engine-10.jpg)

A firm quantifies the value of reduced regulatory risk by modeling the net present value of avoided financial and reputational losses.

- 
### [How Does the Choice of an Algorithmic Model’s Objective Function Impact Its Regulatory Risk Profile?](https://options.greeks.live/question/how-does-the-choice-of-an-algorithmic-models-objective-function-impact-its-regulatory-risk-profile/)
![Crossing reflective elements on a dark surface symbolize high-fidelity execution and multi-leg spread strategies. A central sphere represents the intelligence layer for price discovery. Illuminated arcs denote distinct liquidity pools and the volatility surface, optimizing institutional digital asset derivatives RFQ protocols.](https://options.greeks.live/wp-content/uploads/2025/07/precision-algorithmic-trading-across-intersecting-liquidity-pools-for-institutional-digital-asset-derivatives-rfq-protocols.jpg)

The chosen objective function dictates an algorithm's market behavior, directly shaping its regulatory risk by defining its potential for manipulative or disruptive actions.

- 
### [What Are the Practical Challenges of Integrating an Oms with an Arm for Transaction Reporting?](https://options.greeks.live/question/what-are-the-practical-challenges-of-integrating-an-oms-with-an-arm-for-transaction-reporting/)
![Two precision-engineered nodes, possibly representing a Private Quotation or RFQ mechanism, connect via a transparent conduit against a striped Market Microstructure backdrop. This visualizes High-Fidelity Execution pathways for Institutional Grade Digital Asset Derivatives, enabling Atomic Settlement and Capital Efficiency within a Dark Pool environment, optimizing Price Discovery.](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-protocol-system-nodes.jpg)

Integrating an OMS with an ARM is a data architecture challenge, not a simple technical connection.

- 
### [What Are the Implications of the Evolving Regulatory Landscape for the Long-Term Viability of Crypto Asset Protection Strategies?](https://options.greeks.live/question/what-are-the-implications-of-the-evolving-regulatory-landscape-for-the-long-term-viability-of-crypto-asset-protection-strategies/)
![An intricate mechanical assembly reveals the market microstructure of an institutional-grade RFQ protocol engine. It visualizes high-fidelity execution for digital asset derivatives block trades, managing counterparty risk and multi-leg spread strategies within a liquidity pool, embodying a Prime RFQ.](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-protocol-engine-architecture.jpg)

Evolving regulation transforms asset protection from a technical problem into a systemic design challenge for institutional viability.

- 
### [What Are the Primary Regulatory Hurdles When Centralizing Treasury across Multiple Countries?](https://options.greeks.live/question/what-are-the-primary-regulatory-hurdles-when-centralizing-treasury-across-multiple-countries/)
![A metallic structural component interlocks with two black, dome-shaped modules, each displaying a green data indicator. This signifies a dynamic RFQ protocol within an institutional Prime RFQ, enabling high-fidelity execution for digital asset derivatives. Internal mechanisms underscore algorithmic trading and pre-trade analytics for capital efficiency and best execution.](https://options.greeks.live/wp-content/uploads/2025/07/modular-rfq-protocol-engine-for-digital-asset-derivatives-prime-os.jpg)

Centralizing treasury requires architecting a system to navigate sovereign capital controls, tax laws, and AML/KYC compliance hurdles.

- 
### [Google Clarifies Crypto Wallet Licensing; Exempts Non-Custodial Applications](https://options.greeks.live/news/google-clarifies-crypto-wallet-licensing-exempts-non-custodial-applications/)
![A central processing core with intersecting, transparent structures revealing intricate internal components and blue data flows. This symbolizes an institutional digital asset derivatives platform's Prime RFQ, orchestrating high-fidelity execution, managing aggregated RFQ inquiries, and ensuring atomic settlement within dynamic market microstructure, optimizing capital efficiency.](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-trading-system-facilitating-high-fidelity-rfq-protocol-optimization-for-best-execution-and-atomic-settlement.jpg)

This policy refinement streamlines regulatory compliance for custodial digital asset platforms, ensuring operational clarity while preserving the architectural integrity of self-custody solutions.

---

## Raw Schema Data

```json
{
    "@context": "https://schema.org",
    "@type": "BreadcrumbList",
    "itemListElement": [
        {
            "@type": "ListItem",
            "position": 1,
            "name": "Home",
            "item": "https://options.greeks.live"
        },
        {
            "@type": "ListItem",
            "position": 2,
            "name": "News",
            "item": "https://options.greeks.live/news/"
        },
        {
            "@type": "ListItem",
            "position": 3,
            "name": "Vietnam Deletes 86 Million Bank Accounts Citing Biometric Mandates",
            "item": "https://options.greeks.live/news/vietnam-deletes-86-million-bank-accounts-citing-biometric-mandates/"
        }
    ]
}
```

```json
{
    "@context": "https://schema.org",
    "@type": "Organization",
    "@id": "https://greeks.live/#organization",
    "name": "Greeks.Live",
    "url": "https://greeks.live/",
    "description": "Greeks.live is the definitive toolkit for the professional options trader, dedicated to empowering our users with institutional-grade data, advanced analytics, and a comprehensive suite of trading tools designed to provide a decisive edge in the market. Every article and guide published under the Greeks.live name is a product of our deep commitment to data-driven analysis and our mission to support the global trading community.",
    "email": "support@greeks.live",
    "logo": {
        "@type": "ImageObject",
        "url": "https://options.greeks.live/wp-content/uploads/2025/07/Greeks.Live-Logo-Icon.svg"
    },
    "hasPart": [
        {
            "@type": "WebSite",
            "name": "About Us",
            "url": "https://about.greeks.live"
        },
        {
            "@type": "WebSite",
            "name": "App Download Page",
            "url": "https://about.greeks.live/#/download/basic_trade"
        },
        {
            "@type": "WebSite",
            "name": "Newcomers' Guide",
            "url": "https://twisty-sign-c8b.notion.site/Guide-for-Greeks-live-X-Deribit-Newbies-5a08a3052822427d800af6eaf3704c8d"
        },
        {
            "@type": "WebSite",
            "name": "Knowledge Base",
            "url": "https://linktr.ee/greeks.live"
        },
        {
            "@type": "WebSite",
            "name": "Option Terminology",
            "url": "https://greekslive.notion.site/88dfc00e7c584d4d8969b6302a79a12f?pvs=4"
        },
        {
            "@type": "WebSite",
            "name": "Terms of Service",
            "url": "https://greeks.live/#/tos"
        },
        {
            "@type": "WebSite",
            "name": "Disclaimer",
            "url": "https://greeks.live/#/disclaimer"
        }
    ],
    "sameAs": [
        "https://x.com/greekslive",
        "https://youtube.com/@greeks_live?si=-KjT0Lkw4WUCI0tD",
        "https://t.me/greekslive_notifications",
        "https://t.me/greekslive",
        "https://pinterest.com/greekslive/"
    ],
    "makesOffer": [
        {
            "@type": "Offer",
            "itemOffered": {
                "@type": "Service",
                "name": "RFQ Platform",
                "url": "https://rfq.greeks.live",
                "description": "Execute institutional-grade block trades for crypto options and futures. This platform provides deep, over-the-counter (OTC) liquidity via a professional Request for Quote system.",
                "provider": {
                    "@id": "https://greeks.live/#organization"
                }
            }
        },
        {
            "@type": "Offer",
            "itemOffered": {
                "@type": "Service",
                "name": "Lending Tools",
                "url": "https://lend.greeks.live",
                "description": "Manage crypto lending and borrowing activities to earn yield or secure loans. This suite of tools helps users analyze interest rates and manage collateralized debt positions.",
                "provider": {
                    "@id": "https://greeks.live/#organization"
                }
            }
        },
        {
            "@type": "Offer",
            "itemOffered": {
                "@type": "Service",
                "name": "Data Lab",
                "url": "https://greeks.live/#/deribit/tools/datalab/BTC",
                "description": "Analyze historical and real-time options data with advanced metrics. This tool is designed for backtesting strategies and identifying market trends through comprehensive data visualization.",
                "provider": {
                    "@id": "https://greeks.live/#organization"
                }
            }
        },
        {
            "@type": "Offer",
            "itemOffered": {
                "@type": "Service",
                "name": "Profit & Loss Analysis (PnL)",
                "url": "https://greeks.live/#/deribit/tools/pnl_analysis",
                "description": "Track and analyze the Profit and Loss (PnL) of your options portfolio. This tool provides detailed performance metrics to help traders evaluate and refine their strategies.",
                "provider": {
                    "@id": "https://greeks.live/#organization"
                }
            }
        },
        {
            "@type": "Offer",
            "itemOffered": {
                "@type": "Service",
                "name": "Position Visualization",
                "url": "https://greeks.live/#/deribit/tools/pv/BTC",
                "description": "Visualize complex options positions and their corresponding risk profiles. This tool generates payoff diagrams to help traders intuitively understand potential profit, loss, and exposure.",
                "provider": {
                    "@id": "https://greeks.live/#organization"
                }
            }
        },
        {
            "@type": "Offer",
            "itemOffered": {
                "@type": "Service",
                "name": "Options Calculator",
                "url": "https://greeks.live/#/deribit/tools/calculator",
                "description": "Calculate the theoretical price and risk parameters ('the Greeks') of crypto options. An essential tool for pricing new trades and analyzing the sensitivity of existing positions.",
                "provider": {
                    "@id": "https://greeks.live/#organization"
                }
            }
        },
        {
            "@type": "Offer",
            "itemOffered": {
                "@type": "Service",
                "name": "Greeks.live Main Platform",
                "url": "https://greeks.live/",
                "description": "The central hub for the Greeks.live suite of professional cryptocurrency options and derivatives trading tools. Access analytics, manage positions, and explore the ecosystem.",
                "provider": {
                    "@id": "https://greeks.live/#organization"
                }
            }
        },
        {
            "@type": "Offer",
            "itemOffered": {
                "@type": "Service",
                "name": "Community Forum",
                "url": "https://t.greeks.live",
                "description": "Join the official Greeks.live community. Connect with other traders, share insights, and receive the latest updates directly from the team.",
                "provider": {
                    "@id": "https://greeks.live/#organization"
                }
            }
        },
        {
            "@type": "Offer",
            "itemOffered": {
                "@type": "Service",
                "name": "Greeks.live for Deribit",
                "url": "http://deribit.greeks.live",
                "description": "A dedicated interface for trading on the Deribit exchange. This platform leverages Greeks.live's advanced analytics and tools specifically for users of Deribit's options and futures markets.",
                "provider": {
                    "@id": "https://greeks.live/#organization"
                }
            }
        },
        {
            "@type": "Offer",
            "itemOffered": {
                "@type": "Service",
                "name": "Greeks.live for OKX",
                "url": "http://okx.greeks.live",
                "description": "A dedicated interface for trading on the OKX exchange. This platform integrates Greeks.live's powerful analytics with the OKX marketplace, focusing on its options and derivatives products.",
                "provider": {
                    "@id": "https://greeks.live/#organization"
                }
            }
        },
        {
            "@type": "Offer",
            "itemOffered": {
                "@type": "Service",
                "name": "GLVS.AI Trading Platform",
                "url": "https://www.glvs.ai/",
                "description": "An AI-powered platform for automated crypto options trading. Leverage advanced algorithms and data-driven signals to develop and deploy sophisticated, hands-free trading strategies.",
                "provider": {
                    "@id": "https://greeks.live/#organization"
                }
            }
        },
        {
            "@type": "Offer",
            "itemOffered": {
                "@type": "Service",
                "name": "API Testnet & Sandbox",
                "url": "https://test.greeks.live",
                "description": "A dedicated testnet environment for developers to test their API integrations and automated trading strategies. This sandbox allows for full functionality testing without risking real funds.",
                "provider": {
                    "@id": "https://greeks.live/#organization"
                }
            }
        }
    ],
    "subOrganization": [
        {
            "@type": "Organization",
            "name": "GreeksLive HK Co., Limited",
            "email": "support@greeks.live",
            "telephone": "+852-56418949",
            "address": {
                "@type": "PostalAddress",
                "streetAddress": "Unit 11, 27/F, K. Wah Centre, 191 Java Road",
                "addressLocality": "Hong Kong",
                "addressRegion": "North Point",
                "addressCountry": "CN",
                "postalCode": "0000"
            },
            "geo": {
                "@type": "GeoCoordinates",
                "latitude": "22.2932357",
                "longitude": "114.2022026"
            },
            "image": "https://options.greeks.live/wp-content/uploads/2025/08/Wah-Centre-Hong-Kong.jpg"
        }
    ]
}
```

```json
{
    "@context": "https://schema.org",
    "@type": "Article",
    "mainEntityOfPage": {
        "@type": "WebPage",
        "@id": "https://options.greeks.live/news/vietnam-deletes-86-million-bank-accounts-citing-biometric-mandates/"
    },
    "headline": "Vietnam Deletes 86 Million Bank Accounts Citing Biometric Mandates \u25b4 News",
    "description": "Systemic financial exclusion in Vietnam validates the structural necessity of decentralized, self-custodial asset frameworks. \u25b4 News",
    "url": "https://options.greeks.live/news/vietnam-deletes-86-million-bank-accounts-citing-biometric-mandates/",
    "datePublished": "2025-09-22T00:42:25+00:00",
    "dateModified": "2025-09-22T00:42:28+00:00",
    "articleSection": [
        "News"
    ],
    "author": {
        "@id": "https://greeks.live/#organization"
    },
    "publisher": {
        "@id": "https://greeks.live/#organization"
    },
    "image": {
        "@type": "ImageObject",
        "url": "https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-protocol-multi-leg-execution-algorithmic-pricing-global-liquidity-principal-trading-systemic-integration-high-fidelity-execution.jpg",
        "caption": "The abstract composition of intersecting blue and beige angular structures against a textured grey sphere visualizes the intricate architecture of institutional-grade RFQ protocols. This represents sophisticated multi-leg options strategies and high-fidelity algorithmic execution for digital asset derivatives. It highlights principal liquidity management, optimized market microstructure, and atomic settlement within a secure trading environment, demonstrating a robust intelligence layer for systemic risk management and superior capital efficiency in digital asset prime brokerage."
    },
    "keywords": [
        "Account Verification",
        "Biometric Authentication",
        "Capital Controls",
        "Central Bank Digital Currency",
        "Decentralized Assets",
        "Financial Surveillance",
        "Permissioned Finance",
        "Regulatory Risk",
        "Self-Custody",
        "Unbanked"
    ]
}
```

```json
{
    "@context": "https://schema.org",
    "@type": "WebSite",
    "url": "https://options.greeks.live/",
    "potentialAction": {
        "@type": "SearchAction",
        "target": "https://options.greeks.live/?s=search_term_string",
        "query-input": "required name=search_term_string"
    }
}
```


---

**Original URL:** https://options.greeks.live/news/vietnam-deletes-86-million-bank-accounts-citing-biometric-mandates/
