Vietnam is taking significant steps toward regulating digital assets. The Ministry of Finance is finalizing a legal framework for cryptocurrencies, with a pilot exchange set to launch in March 2025. This initiative aims to enhance market transparency and investor protection.
Prime Minister Pham Minh Chinh has directed the Ministry of Finance and the State Bank of Vietnam to submit a comprehensive legal framework for digital currencies by March 2025. This move underscores the government's commitment to integrating digital assets into the formal economy.
Vietnam's digital asset market is thriving, with approximately 17 million citizens holding digital assets, totaling over $100 billion in market value. The government's regulatory efforts aim to harness this potential while ensuring financial stability and security.
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