Digital assets and cryptocurrencies are global challenges, and many countries are studying different legal frameworks to achieve effective regulation. The United States, the European Union, and others have established relatively comprehensive regulatory systems, while countries like Singapore and the UAE have adopted more open policies to attract fintech companies. Vietnam is accelerating the study of relevant legal frameworks to keep up with global development trends and avoid falling behind in the digital finance sector.

Financial stability and the demand for innovative development

The Vietnamese government hopes to promote the development of digital finance while preventing financial risks and illegal activities, providing new financing channels for businesses, enhancing the vitality of the domestic capital market, attracting more international investors, and improving the country's competitiveness in the global financial market. In addition, blockchain technology has potential innovative application value. Vietnam has released the 'National Blockchain Strategy 2024 - 2030,' viewing blockchain as an important digital infrastructure, hoping to ensure market stability and security without suppressing innovation.