#VietnamCryptoPolicy

🚨 Breaking Update on #VietnamCryptoPolicy: Vietnam’s PM Pham Minh Chinh has directed the Finance Ministry & State Bank to finalize a legal & regulatory framework for digital assets by March 2025, moving crypto from a grey zone to a regulated market 🏦📜

🔍 Authorities will roll out a pilot crypto‑exchange sandbox in major financial centers (e.g., Ho Chi Minh City, Da Nang), though the Ministry of Finance suggests delay of the full launch until mid‑2026

📈 With ~17 million holders and over $120 billion in crypto assets, Vietnam ranks 5th globally in crypto adoption—these steps aim to bolster transparency, investor safety, and tax revenues 💵

🛡️ The proposal includes strict AML/KYC, cybersecurity, licensing for exchanges, token issuance (including NFTs), and fintech innovations in a sandbox setting ⚙️

🎯 Goal: Secure, trusted crypto ecosystem, tapping into significant tax potential (~$800M/year) while harnessing blockchain for economic growth 🌱

🌍 Vietnam positions itself as a regional blockchain hub with national strategy through 2030—piloting innovations today, aiming for leadership in Asia by decade’s end 📌