Vietnamese deputy PM calls for building legal framework for digital assets
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....
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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....
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The Vietnamese government is working toward building and introducing a comprehensive legal framework surrounding virtual currencies like bitcoin, a report has revealed. As a country that has seen its fair share of mainstream pyramid schemes misusing bitcoin – leading to regulators and authorities warn against the use of the digital currency – Vietnam is working toward enforcing legal frameworks for virtual currencies and properties, choosing to regulate the innovation rather than ban it. According to a report in regional publication VnEconomy, the Vietnamese government has begun a project....
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