Vietnam to Implement Digital Asset Legal Framework by March
- Vietnam aims to establish a legal framework for digital assets by the end of March.
- This initiative follows Prime Minister Phạm Minh Chính’s Directive No. 05, targeting an 8% national growth by 2025.
- The Ministry of Finance and the State Bank of Vietnam are responsible for finalizing crypto regulations.
- Crypto transactions in Vietnam currently exist in a legal gray area, leading to lost tax revenues.
- Vietnam ranks fifth globally in the Global Crypto Adoption Index for 2024.
Vietnam is set to introduce a regulatory framework for digital assets by March’s end, aiming to clarify crypto business operations and boost economic growth. This move aligns with the national growth target outlined in Directive No. 05.
Source (2.6)https://decrypt.co/308582/vietnam-to-establish-legal-framework-for-digital-assets?rand=52368
