VietnamCryptoPolicy🇻🇳
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#VietnamCryptoPolicy🇻🇳
Vietnam’s National Blockchain Strategy 2024–2030 (Decision 1236, Oct 2024) formally endorses experimentation via sandboxes .
Three key draft laws are nearing passage as of May 2025 :
A Digital Technologies Industry Law (define digital assets + sandbox regimes)
A Financial Centres Resolution (authorize crypto platforms in financial zones)
A Crypto Pilot Resolution (define licensed crypto service providers; valid until Dec 31, 2027)
Vietnam’s National Blockchain Strategy 2024–2030 (Decision 1236, Oct 2024) formally endorses experimentation via sandboxes .
Vietnam bans crypto as payment, allows trading/holding, but until now lacked formal oversight. In 2024–25, it introduced AML/KYC rules, set up directional laws & sandboxes, and will pilot regulated exchanges in 2025 with tax plans. A comprehensive regulatory framework is expected by late 2027.
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Vietnam’s National Blockchain Strategy 2024–2030 (Decision 1236, Oct 2024) formally endorses experimentation via sandboxes .
Three key draft laws are nearing passage as of May 2025 :
A Digital Technologies Industry Law (define digital assets + sandbox regimes)
A Financial Centres Resolution (authorize crypto platforms in financial zones)
A Crypto Pilot Resolution (define licensed crypto service providers; valid until Dec 31, 2027)
Vietnam’s National Blockchain Strategy 2024–2030 (Decision 1236, Oct 2024) formally endorses experimentation via sandboxes .
Vietnam bans crypto as payment, allows trading/holding, but until now lacked formal oversight. In 2024–25, it introduced AML/KYC rules, set up directional laws & sandboxes, and will pilot regulated exchanges in 2025 with tax plans. A comprehensive regulatory framework is expected by late 2027.
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#VietnamCryptoPolicy 🌏 Vietnam is taking steps to regulate the rapidly growing crypto industry. With the government exploring legal frameworks for digital assets, this could be a major milestone for the country's blockchain ecosystem. 🧩
A clear policy can lead to more investor trust and innovation in the region. Let’s see how this shapes the future of crypto in Southeast Asia! 🚀
#VietnamCryptoPolicy🇻🇳
A clear policy can lead to more investor trust and innovation in the region. Let’s see how this shapes the future of crypto in Southeast Asia! 🚀
#VietnamCryptoPolicy🇻🇳
#VietnamCryptoPolicy Vietnam is making bold strides in shaping its crypto future. With rising adoption and innovation, the government is working to establish a legal framework that ensures safety, transparency, and growth. The Ministry of Finance and State Bank of Vietnam are collaborating on policies to regulate digital assets, exchanges, and blockchain use. While like Bitcoin remain unrecognized as legal tender, the country is signaling a shift toward comprehensive regulation. This proactive stance positions Vietnam as a potential regional leader in the crypto space. Stay tuned as #VietnamCryptoPolicy evolves, paving the way for responsible innovation and digital economic development.
#VietnamCryptoPolicy🇻🇳
#VietnamCryptoPolicy🇻🇳
XRP Burn on Verge of 14 Million Milestone.
XRP Ledger is on the verge of reaching a significant deflationary milestone, with the total number of XRP burned already approaching 14 million tokens. According to the most recent count on XRP Ledger explorer, XRP burned has reached an all-time high of 13,985,106, while minor in comparison to XRP’s massive supply, represents a significant marker in XRP Ledger's ongoing commitment to utility and network health.
Unlike traditional token burn mechanisms such as buybacks or community-led campaigns, XRP burns occur naturally via transaction fees on XRP Ledger. Each transaction contains a small amount of XRP that is permanently destroyed, which aids in spam prevention and network efficiency. Over time, this has led to the steady burning of XRP, with the current total approaching 14 million XRP.
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#VietnamCryptoPolicy🇻🇳
XRP Ledger is on the verge of reaching a significant deflationary milestone, with the total number of XRP burned already approaching 14 million tokens. According to the most recent count on XRP Ledger explorer, XRP burned has reached an all-time high of 13,985,106, while minor in comparison to XRP’s massive supply, represents a significant marker in XRP Ledger's ongoing commitment to utility and network health.
Unlike traditional token burn mechanisms such as buybacks or community-led campaigns, XRP burns occur naturally via transaction fees on XRP Ledger. Each transaction contains a small amount of XRP that is permanently destroyed, which aids in spam prevention and network efficiency. Over time, this has led to the steady burning of XRP, with the current total approaching 14 million XRP.
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#VietnamCryptoPolicy🇻🇳
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#VietnamCryptoPolicy🇻🇳 Vietnam approved a broad digital technology law that legalizes cryptoassets and outlines incentives for artificial intelligence, semiconductors, and infrastructure.
The National Assembly of Vietnam approved the Digital Technology Industry Law on June 14, placing digital assets under regulatory oversight.
The legislation, which will come into effect on January 1, 2026, recognizes cryptoassets and lays the groundwork for broader digital innovation across the country, according to local media reports.
The law classifies digital assets into two categories: virtual assets and cryptoassets. While both are based on encryption or digital technologies for their validation and transfer, neither includes securities, digital fiat currencies, nor other financial instruments.
The National Assembly of Vietnam approved the Digital Technology Industry Law on June 14, placing digital assets under regulatory oversight.
The legislation, which will come into effect on January 1, 2026, recognizes cryptoassets and lays the groundwork for broader digital innovation across the country, according to local media reports.
The law classifies digital assets into two categories: virtual assets and cryptoassets. While both are based on encryption or digital technologies for their validation and transfer, neither includes securities, digital fiat currencies, nor other financial instruments.
MemeStrategy has acquired 2,440 units of Solana (SOL) in the open market, valued at about HKD 2.9 million (US$369,442).
#VietnamCryptoPolicy🇻🇳 $SOL
#VietnamCryptoPolicy🇻🇳 $SOL
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#VietnamCryptoPolicy🇻🇳 O Vietnam is about to change the game in the crypto world. After years in a gray area, the country is moving forward with an ambitious plan: to implement a regulatory sandbox by 2027, with clear rules for the issuance, trading, and custody of digital assets. A complete legal framework will be presented by 2025, aiming to attract innovation, combat money laundering, and prevent tax evasion. Exchanges, wallets, and tokens will be able to operate legally under government supervision. The nation wants to become a technological hub without losing fiscal control.
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#VietnamCryptoPolicy
Vietnam has introduced a new crypto policy through the Law on Digital Technology Industry, which was passed on June 14, 2025, and will take effect on January 1, 2026. This law marks a significant step in regulating the country's digital economy by recognizing and providing a framework for crypto assets.
*Key Features of the Law:*
- *Classification of Digital Assets*: The law categorizes digital assets into two types:
- *Virtual Assets*: Non-financial digital tools used for exchange or investment, excluding securities and digital fiat currencies.
- *Crypto Assets*: Encrypted digital units using blockchain or similar technologies to confirm ownership and process transactions, such as cryptocurrencies like Bitcoin and Ethereum.
- *Regulatory Framework*: The government will define business conditions, classifications, and oversight mechanisms for digital asset activities, ensuring compliance with international anti-money laundering (AML) standards.
- *Cybersecurity and AML Measures*: Digital asset businesses must implement robust security practices to reduce illicit finance risks and adhere to AML guidelines, aligning with global norms.
- *Incentives for Tech Development*: The law offers support for companies working in AI, semiconductors, and digital infrastructure, including:
- *Tax Breaks*: Tax incentives for businesses involved in developing core technologies.
- *Land-Use Benefits*: Land-use benefits for companies in these sectors.
- *Research and Development Support*: Funding for research and development initiatives.
*Impact and Implications:*
- *Removing Vietnam from FATF Gray List*: The law aims to address concerns raised by the Financial Action Task Force (FATF) and potentially remove Vietnam from its gray list.
- *Boosting Investor Confidence*: Clear regulations are expected to enhance investor confidence and provide a safer market structure.
- *Promoting Digital Economy*: The law signals Vietnam's ambition to become a digital tech hub, fostering innovation and growth in the sector.
Vietnam has introduced a new crypto policy through the Law on Digital Technology Industry, which was passed on June 14, 2025, and will take effect on January 1, 2026. This law marks a significant step in regulating the country's digital economy by recognizing and providing a framework for crypto assets.
*Key Features of the Law:*
- *Classification of Digital Assets*: The law categorizes digital assets into two types:
- *Virtual Assets*: Non-financial digital tools used for exchange or investment, excluding securities and digital fiat currencies.
- *Crypto Assets*: Encrypted digital units using blockchain or similar technologies to confirm ownership and process transactions, such as cryptocurrencies like Bitcoin and Ethereum.
- *Regulatory Framework*: The government will define business conditions, classifications, and oversight mechanisms for digital asset activities, ensuring compliance with international anti-money laundering (AML) standards.
- *Cybersecurity and AML Measures*: Digital asset businesses must implement robust security practices to reduce illicit finance risks and adhere to AML guidelines, aligning with global norms.
- *Incentives for Tech Development*: The law offers support for companies working in AI, semiconductors, and digital infrastructure, including:
- *Tax Breaks*: Tax incentives for businesses involved in developing core technologies.
- *Land-Use Benefits*: Land-use benefits for companies in these sectors.
- *Research and Development Support*: Funding for research and development initiatives.
*Impact and Implications:*
- *Removing Vietnam from FATF Gray List*: The law aims to address concerns raised by the Financial Action Task Force (FATF) and potentially remove Vietnam from its gray list.
- *Boosting Investor Confidence*: Clear regulations are expected to enhance investor confidence and provide a safer market structure.
- *Promoting Digital Economy*: The law signals Vietnam's ambition to become a digital tech hub, fostering innovation and growth in the sector.
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