#VietnamCryptoPolicy #VietnamCryptoPolicy

The new law in Vietnam is expected to impose licensing requirements for platforms, minimum capital requirements, and the necessity of having local offices and anti-money laundering and counter-terrorism financing (AML/CFT) centers. Platforms will be subject to strict anti-money laundering and counter-terrorism financing rules in line with international standards and compliance with KYC. All users will have to register and verify their identity (KYC), including taxes. The government is likely to impose taxes on income from crypto assets and transactions in the future, making its products in a regulated environment.