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🇻🇳 Many National Assembly delegates emphasized the need for clear regulations on digital assets

On November 30, during the 8th session of the National Assembly, many delegates participated in contributing ideas on the draft Law on Digital Technology Industry:

- Delegate Hoàng Minh Hiếu (Nghệ An delegation):

• Vietnam ranks TOP2 in the world in terms of digital asset ownership rate, with about 20 million people and 120 billion USD in cryptocurrency each year. "Therefore, if we do not have a legal framework for this form of ownership, we will overlook a very important aspect of developing the digital economy," Mr. Hiếu said.

- Delegate Thạch Phước Bình (Trà Vinh delegation):

• Proposed to add more specific examples of digital assets such as digital intellectual property, NFTs, cryptocurrencies, and digital assets related to big data. This helps illustrate the scope of application and avoid misunderstandings.

• It is necessary to clarify the difference between cryptocurrencies and other digital assets, while emphasizing that cryptocurrencies may include both utility tokens and security tokens.

- Delegate Bế Trung Anh (Trà Vinh delegation):

• This draft law has defined digital assets, but there is no definition of digital currency. "Are we really going to buy and sell digital assets with real money?" the delegate raised the issue and suggested that there needs to be a concept of "digital currency" for management.

The draft Law on Digital Technology Industry consists of 8 Chapters, 73 Articles, which has been presented to the National Assembly for the first time at the recent 8th session and is expected to be approved by the National Assembly in 2025.

According to VnEconomy