$BTC 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 cryptocurrencies are 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 emulate China's policy of 'technical support and trading restrictions', encouraging blockchain technology while suppressing speculative behavior.