#VietnamCryptoPolicy

The new cryptocurrency policy in Vietnam represents a significant shift from complete criminalization to official recognition and legal regulation. This transformation reflects the Vietnamese government's awareness of the importance of cryptocurrencies and their growing role in the global economy. The new policy is expected to impose strict requirements on platforms such as licensing, minimum capital, as well as compliance with anti-money laundering and counter-terrorism financing (AML/CFT) procedures. This step may open the door to foreign investments and innovative financial technologies, but it also requires careful oversight and a clear legislative environment to protect investors. In my opinion, Vietnam is moving in the right direction, but implementation will be the biggest challenge to ensure a balance between innovation and financial security. What do you think of this shift? Can other countries follow Vietnam's lead?