Not rich yet, but already committing crimes; not able to smoke yet, but already guilty of crimes.

Vietnamese investors may be required to transfer digital assets to domestic exchanges?
Colonel Nguyen Thanh Chung, Cybersecurity and High-Tech Crime Prevention Department, warned that in Vietnam, large-scale "black markets" for buying and selling digital currencies are emerging, posing many risks.
Closed groups for buying and selling BTC, USDT with thousands of members allow individuals to exchange digital currencies directly, often with volumes ranging from a few thousand to millions of USDT.
Mr. Chung emphasized that the anonymity and cross-border nature of these transactions create conditions for criminals to exploit, causing risks to national security, social order, budget loss, and difficulties in investigating fraud cases.
The authorities propose that organizations pilot the cryptocurrency market strictly comply with regulations, and individuals bring assets to domestic exchanges within 6 months from the date of receiving licenses, while also completing the legal framework and enhancing management coordination. The President of the Vietnam Blockchain Association, Phan Duc Trung, believes that digital assets need to be strictly managed and recent legal documents will help the digital currency trading market become more orderly.
Source: Vietnam's official newspaper
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