#VietnamCryptoPolicy

VietnamCryptoPolicy — Everyone celebrates, but… what about the risks? 🚨

While Vietnam passes its Digital Industry Law (effective 2026) and launches its crypto sandbox, much of the community celebrates the "historic breakthrough."

But here’s where many fail to go deeper:

✅ 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.

❌ But:

The sandbox remains highly centralized under state supervision.

AML/KYC controls may limit crypto’s 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.

💡 The real question is:

👉 Will Vietnam become a true example of open adoption, or just another version of "regulated state crypto"?

When many blindly celebrate, that’s exactly when we should read between the lines.

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