Vietnam to Pilot Digital Currency Exchange Under New Legal Framework
- Vietnam will pilot a digital currency exchange platform under a new regulatory framework.
- The Ministry of Finance and State Bank are tasked with drafting legal guidelines for digital assets by the end of this month.
- The exchange platforms will be operated by state-licensed entities to protect investors’ legal rights.
- 21% of Vietnam’s population owns digital assets, ranking the country among the top three globally.
- Digital asset inflows to Vietnam reached $120 billion in 2023.
The Vietnamese government is set to introduce a pilot program for digital currency exchanges, aiming to regulate and protect investors in the growing digital asset market. With significant digital asset ownership and inflows, Vietnam is establishing a structured marketplace through state-licensed entities.
Source (2.6)https://cryptobriefing.com/vietnam-pilot-digital-currency-exchange/?rand=59535
