even selling stocks at a loss has to pay taxes, and nothing changes, just a bunch of mouths looking for easy gains while making it hard for the people. Collecting and devouring is quick.

🇻🇳 Legalizing Crypto and the Future of the Crypto Industry in Vietnam

1/ According to Mr. Nguyen Phuong Tuan, Deputy Chairman of the Committee on Science, Technology and Environment of the National Assembly, legalizing digital assets creates a legal basis to establish playgrounds for digital assets, including the establishment of exchanges.

The Politburo has also agreed to the policy of building a financial center in Vietnam. Specifically, a comprehensive international financial center will be established in Ho Chi Minh City and a regional financial center in Da Nang.

=> This is an opportunity for Vietnam to pilot the establishment of a digital asset exchange (which may initially be set up on a small scale).
=> The establishment of exchanges will help regulatory authorities manage and collect taxes more easily. At the same time, it is also a way to filter out low-quality digital assets and prevent fraudulent activities.

2/ According to Mr. Phan Duc Trung, Permanent Vice Chairman of the Vietnam Blockchain Association: Legalizing digital assets will also help Vietnam enhance its attraction for foreign investment as well as bring back Vietnamese businesses that have had to register their business in other countries.