Vietnam's recent moves are definitely like throwing a 'policy nuclear bomb' into the Southeast Asian crypto battlefield! In summary: The Vietnamese National Assembly has given the green light to cryptocurrencies, but this green light won't truly shine until January 1, 2026; the 18-month transition period holds countless opportunities for wealth and hidden pitfalls!
Pay attention to the timeline!
June 14, 2025: The Vietnamese National Assembly approved the bill.
January 1, 2026: The bill officially takes effect.
Why is there a delay of a year and a half? Because the Vietnamese government wants to 'renovate the venue' — establish rules, issue licenses, and ensure security; otherwise, the market might go chaotic right off the bat!
What is happening during the transition period?
Registering cryptocurrencies: What exactly counts as 'virtual assets'? What counts as 'cryptocurrency'? The government needs to clarify this, or they won't be able to find people to tax.
Exchanges must be licensed: In the future, platforms without licenses will be considered black market! Binance and Coinbase want to enter? First, pay a deposit, complete KYC, and lock user assets in a safe!
Anti-fraud strategy: In the past two years, Vietnamese retail investors have been severely exploited (BitMiner, QFS, and other Ponzi schemes have siphoned off hundreds of millions of dollars), the transition period is for police and regulators to practice, so next time fraudsters come, they’ll go straight to prison.
Don't think about stealing electricity for mining: Miners, beware! The government is currently checking your electric meter; high-energy mining? Be careful, the fines might be higher than your hash rate!
Why does Vietnam dare to be the 'crypto leader of Southeast Asia'?
Strong grassroots: 6 million Vietnamese hold cryptocurrency! Ranked in the top five globally! What does that mean? — One in every 15 Vietnamese is involved in crypto, a penetration rate that even makes the US envious.
Case in point: Remember Axie Infinity? This blockbuster blockchain game was born in Vietnam! How many Filipino players relied on gaming to make a living back then? Vietnamese people inherently understand Web3!
Policy ambitions can't be hidden: On the surface, it's about regulating cryptocurrencies, but in reality, it wants to be the 'Asian digital technology hub'! Integrating AI, semiconductors, and blockchain, with tax and land incentives — this is clearly a national gamble on a digital future!
Regionally crushing Thailand and Singapore: Thailand issued licenses early but has few users; Singapore's strict regulations scared off institutions; Vietnam's loose policies + many users + low costs make it a triple kill!
There are hidden dangers on the road to wealth (be cautious, folks!)
Don't act rashly before 2026: Currently, Vietnam only allows 'holding cryptocurrency'; buying a bowl of noodles with Bitcoin? Not allowed! Payment functions are not yet unlocked.
A tax sword hangs overhead: How will capital gains tax be collected? 10% or 20%? Until the details are released, don't go all in on profits!
Policy may patch things up: 18 months of uncertainties, especially regarding mining regulations (referencing Kazakhstan's ups and downs).
"When a country writes cryptocurrency into law, the casino becomes a gold mine — but where is the shovel?" With this wave of national certification + 6 million retail investors, Vietnam is destined to trigger the strongest bull market in Southeast Asia.
Now the question arises: Should we preemptively stake on local compliance in Vietnam to reap licensing benefits? Or bet on Binance and Coinbase entering Vietnam, igniting platform tokens?
You are racing for national-level benefits! The policy wind is here; do you dare to sit at the table? Follow Qiu Ge, with top-tier team support, serving only the ambitious madmen.
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