๐ป๐ณ Vietnam's digital asset exchange is very close
On August 1st, Prime Minister Pham Minh Chinh signed a decision to establish the Steering Committee for the International Financial Center in Vietnam, with the Prime Minister serving as the head of the Steering Committee. On the same day, an action plan to implement the construction of the International Financial Center was also issued, aiming to be operational in Ho Chi Minh City and Da Nang by the end of 2025.
To concretize the above orientation, the Ministry of Finance has submitted a draft Resolution for the pilot of the cryptocurrency exchange at the International Financial Center to the Government.
According to the draft, service providers will be granted more autonomy in selecting cryptocurrencies for listing and trading. This flexible approach is expected to facilitate more proactive and creative participation from the parties involved.
However, lawyer Dao Tien Phong pointed out that the first important thing is to build a set of specific criteria to select eligible coins for listing. For example, the transparency of the issuing unit, liquidity, and auditability.
Regarding the proposed personal income tax rate of 0.1% on crypto transactions, he believes it is quite high. It should be considered to reduce it to below 0.08% to encourage development when the market still has many hidden risks.