#VietnamCryptoPolicy

Prime Minister Pham Minh Chinh has ordered the Ministry of Finance and the State Bank of Vietnam to draft a legal framework on cryptocurrencies within this month The finance ministry needs to spearhead the project to draft proposed policies on managing digital assets and cryptos, he said in a directive Saturday.

Vietnam has yet to provide a specific definition for digital currencies and assets such as Bitcoin and Ethereum. Current regulations only address the concept of electronic money pegged to fiat currency, existing in forms such as bank prepaid cards and electronic wallets.