๐จ VietnamCryptoPolicy โ Everyone celebrates, butโฆ what about the risks? ๐จ
While Vietnam passes its Digital Industry Law (effective 2026) and launches its crypto sandbox, much of the community celebrates the "historic breakthrough."
But hereโs where many fail to go deeper:
โ Yes:
Official legal framework for crypto assets.
Controlled sandbox for exchanges and financial services.
Tax incentives to attract Web3 investments.
Clear ambition to position itself as a regional tech hub.
โ But:
The sandbox remains highly centralized under state supervision.
AML/KYC controls may limit cryptoโs original decentralization philosophy.
The state retains power to shut down, audit, or restrict projects deemed risky.
Risk of becoming a "state-managed crypto" rather than true sovereign adoption.
๐ก The real question is:
๐ Will Vietnam become a true example of open adoption, or just another version of "regulated state crypto"?
When many blindly celebrate, thatโs exactly when we should read between the lines.
You're already part of my community!
Leave a like, follow me, and let's grow together with the best content.
And if you want to show some extra support, I truly appreciate it! ๐๐
