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Nearly 17 million Vietnamese own cryptocurrencies, experts suggest taxing transactions like securities
With about 17 million people owning cryptocurrencies, if a reasonable tax mechanism is implemented, Vietnam could generate significant budget revenue from this market.
Opportunities for taxing the cryptocurrency market
Vietnam currently ranks among the countries with the highest levels of access to and interest in cryptocurrencies worldwide. According to a report from Chainalysis, Vietnam ranks fifth globally in terms of interest in cryptocurrencies and third in terms of the use of international trading platforms. Currently, about 17 million Vietnamese own cryptocurrencies, with a total market value exceeding 100 billion USD.
Opportunities for taxing the cryptocurrency market
Vietnam currently ranks among the countries with the highest levels of access to and interest in cryptocurrencies worldwide. According to a report from Chainalysis, Vietnam ranks fifth globally in terms of interest in cryptocurrencies and third in terms of the use of international trading platforms. Currently, about 17 million Vietnamese own cryptocurrencies, with a total market value exceeding 100 billion USD.
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