#VietnamCryptoPolicy

🇻🇳 #VietnamCryptoPolicy

Vietnam is making confident strides towards regulating the cryptocurrency sector. The State Bank of Vietnam, together with other government agencies, is developing a **legal framework for digital assets**, which could become the foundation for the future legal circulation of cryptocurrencies in the country.

The goal is to create transparent rules for users and companies, reduce risks of money laundering and financial fraud, and **support innovations in fintech**.

Particular attention is paid to the **possibility of testing CBDC** (central bank digital currency) and **implementing blockchain in the public sector**.

💡 Despite previous restrictions, Vietnam ranks among the top countries in terms of crypto adoption among the population. The new direction could make the country a hub for Web3 and DeFi in Southeast Asia.

We are monitoring the developments — regulation in Asia is gaining momentum.