🌎 Vietnam drives legal framework for crypto
📌 Vietnam moves firmly: the Ministry of Finance and the Central Bank are preparing a comprehensive legal framework for crypto assets, with a final presentation expected before March 2025.
📉 At the same time, they will launch a regulated pilot exchange (sandbox) in financial centers like Ho Chi Minh and Da Nang during 2025, to operate safely and under supervision.
💡 Why is this great news?
✅ Regulation, not prohibition: Cryptos remain legally investable but require oversight to protect users.
🇻🇳 Great adoption: Vietnam is among the top 5 or 7 countries in crypto adoption, with more than 17 million users and flows of over $120 billion in 2023.
🛡️ Security and innovation: They are using “sandbox” models to allow the growth of DeFi, NFTs, and exchanges, without regulatory or economic risks.
🎯 What could it mean for us?
Vietnam is preparing the ground to become a crypto hub in Asia, attracting projects, investments, and technological growth.
It shows us that well-done regulation doesn’t kill, but drives: it creates trust, attracts talent, and generates legal activity.
For investors: regulated markets tend to be more stable and less prone to fraud or sudden bursts.
📚 Final reflection:
Vietnam does not want to be a ‘crypto paradise’, but a model of responsible adoption. It is strengthening security without closing doors.
This could be a global thermometer: when countries move, something big may be emerging.
💬 Do you think crypto needs regulation to grow? Or do you prefer freer models?