Vietnam plans to roll out a legal framework for digital assets by the end of March as part of a broader effort to boost economic growth. According to local media reports, the move comes after Prime Minister Pham Minh Thanh signed Directive 05, which sets a national growth target of 8% or higher by 2025.
The Ministry of Finance (MOF) and the State Bank of Vietnam (SBV) have been designated to finalize and submit proposals on regulating cryptocurrencies by the end of this month. The proposed legal framework is expected to provide greater clarity for crypto businesses, enabling them to obtain funding and operate in a secure regulatory environment.
Currently, crypto trading in Vietnam is in a legal gray area, as the country has not yet officially recognized the asset class. Nonetheless, crypto trading remains widespread, with many businesses choosing to register in overseas regions such as Singapore and the United States to circumvent local regulations.
Vietnam plans to introduce a legal framework for digital assets by the end of March
2025-03-04 11:50:53
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