#越南加密政策 🔥 Vietnam's cryptocurrency policy reversal! From "underground black market" to the world's first legal experiment for digital assets!

💥 Policy 180-degree U-turn

On June 14, the Vietnamese National Assembly passed the world's first "Digital Technology Industry Law," officially legalizing cryptocurrency assets starting in 2026! From a complete ban on payments in 2017 to now classified regulation (virtual assets vs. cryptocurrency assets), the government is even collaborating with exchanges like Bybit to conduct sandbox pilot programs, clearly aiming to seize Singapore's position as the "Asian cryptocurrency center."

🚨 Trillion-dollar market temptation

• Tax revenue: Just the transaction tax can generate $800 million annually, and companies can issue tokens for financing like a "blockchain IPO"

• Undercover money laundering: Previously placed on the FATF gray list, the new law forces exchanges to comply with the "travel rule," copying South Korea's homework to catch hackers

• Retail investor protection battle: The Hanoi police recently shut down a $1.17 million "quantum finance" scam, and the new law requires platforms to be licensed, with the state covering risks

⚠️ Opportunities and traps

✅ Benefits: 17 million Vietnamese people already hold cryptocurrencies, companies are issuing tokens, and international capital is flooding into Ho Chi Minh City's financial special zone

❌ Risks: Fraud escalation (even spiritual pyramid schemes are playing with tokens!), inter-departmental turf wars may delay the sandbox implementation

🐍 Behind the scenes: The Ministry of Finance and the Central Bank are still at odds—one wants to open up, while the other insists on maintaining central bank digital currency sovereignty!