$BTC Digital assets and cryptocurrencies are a global challenge, and many countries are researching 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, aiming to keep pace with global development trends and avoid falling behind in the digital finance sector, has accelerated the research of relevant legal frameworks.

Financial stability and innovation development needs

The Vietnamese government hopes to promote the development of digital finance while preventing financial risks and illegal activities, providing enterprises with new financing channels, 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, with the aim of ensuring market stability and security without stifling innovation.