#越南加密政策 Vietnam's cautious attitude towards cryptocurrency

Although the Vietnamese government has not completely banned cryptocurrency, it maintains a cautious stance. The central bank has repeatedly reminded the public that cryptocurrency is not protected by law and that financial institutions are prohibited from providing related services. In 2024, the Ministry of Public Security will strengthen the crackdown on cryptocurrency fraud and illegal fundraising activities. Analysts believe that Vietnam may follow China's policy of 'technical support and trading restrictions', which encourages blockchain technology while suppressing speculative behavior.