Vietnam has a new policy towards digital currencies, as the National Assembly has approved the Digital Technology Industry Law, which includes a clear regulatory framework for digital currencies. This law aims to enhance transparency and stability in the digital currency market and protect investors from fraud. Here are some key points about this policy ¹:

- *Definition of Digital Currencies*: The law defines digital currencies as two categories: virtual assets, which are used for exchange or investment, and cryptocurrencies, which rely on encryption technology to verify transactions and ownership.

- *Government Regulation*: The government will be responsible for classifying digital assets and determining management standards and operating conditions.

- *Anti-Money Laundering and Counter-Terrorism Financing*: The law includes provisions for combating money laundering and terrorism financing, thus enhancing financial transparency.

- *Digital Education*: The law also includes initiatives to promote digital education and improve the workforce's skills in Vietnam.

- *Global Ranking*: Vietnam ranks fifth globally in the adoption of digital currencies, and this policy aims to enhance its position as a digital financial hub.

This regulatory framework is expected to attract investments and boost the growth of the digital currency industry in Vietnam.#VietnamCryptoPolicy $SOL