Vietnam's prime minister calls for crypto regulation: Report
"It is necessary to study appropriate sanctions, and assign the government to make detailed regulations,” reportedly said Prime Minister Pham Minh Chinh. Pham Minh Chinh, the prime minister of Vietnam, has reportedly said the country’s government should study crypto regulation in part based on residents continuing to trade digital assets despite their lack of legal recognition.According to an Oct. 24 report from online news outlet VnExpress, Chinh hinted a bill on anti-money laundering, or AML, should recognize an amendment on virtual currencies given that “in fact people still trade”....
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Pham Minh Chinh, the prime minister of Vietnam, has asked the country’s central bank to conduct a study of cryptocurrency and pilot the implementation of a blockchain-based currency within the next two years. The efforts are part of the Asian country’s new e-government strategy. Cryptocurrency Highlighted in Prime Minister’s Decision Cryptocurrency is one of the highlights in a decision regarding the establishment of a digital government issued recently by the Vietnamese premier. “Cryptocurrency based on blockchain is among core technologies Vietnam hopes to....
Vietnam is creating a legal framework for cryptocurrency. The country’s deputy prime minister has instructed the Ministries of Finance, Justice, and Information & Communications to work with the central bank, the State Bank of Vietnam, on the framework.
Vietnam Creating Legal Framework for Crypto
Vietnamese Deputy Prime Minister Le Minh Khai reportedly notified three ministries last week instructing them to work with the central bank, the State Bank of Vietnam, and other relevant bodies to build a legal framework for cryptocurrencies. The three ministries are....
The Prime Minister of Estonia has said cryptocurrencies must be restricted in order to address loopholes that may be used by sanctioned Russian entities to evade the punitive measures. In addition, the premier wants all Russian as well as Belarusian banks to be removed from the global payment network. Sanction Evasion Concerns The Estonian prime minister, Kaja Kallas, has told U.S. Secretary of State Antony Blinken that cryptocurrencies must be “restricted” in order to deny Russia the opportunity to evade recently imposed sanctions. Prime Minister Kallas’ comments,....
Vietnam has had quite a love and hate relationship with the crypto market, where it has authorized and banned Bitcoin use on numerous occasions in the past. Le Minh Khai, the deputy prime minister of Vietnam has issued a notification to the finance ministry, asking them to explore and amend laws to build a legal framework for the digital asset market.In a notice dated March 23, the Deputy PM has instructed the Ministry of Finance to assume the prime responsibility for developing the legal framework for the crypto market. The reported list of instructions includes identifying specific legal....
India’s prime minister, Narendra Modi, has called on governments worldwide to collaborate on cryptocurrency. He pointed out that “The kind of technology that is associated with it, the decisions taken by a single country will be insufficient to deal with its challenges.”
Indian Prime Minister Urges ‘Every Country, Every Global Agency’ to Collaborate on Cryptocurrency
Indian Prime Minister Narendra Modi talked about cryptocurrency at the World Economic Forum’s virtual Davos Agenda conference Monday.
“The challenges....