#VietnamCryptoPolicy

The Prime Minister of Vietnam wants to present a draft policy on cryptocurrencies this month

By Phung Dong - Vien Thong

Prime Minister Pham Minh Chinh has ordered the Ministry of Finance and the State Bank of Vietnam to prepare a legal framework regarding cryptocurrencies during this month.

The Prime Minister of Vietnam wants to present a draft policy on cryptocurrencies this month

A person holding a coin with the Bitcoin symbol. Photo from VnExpress/Bao Lam

In a directive on Saturday, he stated that the Ministry of Finance needs to lead the project to formulate proposed policies on the management of digital assets and cryptocurrencies.

Vietnam has not yet provided a specific definition for cryptocurrencies and digital assets such as Bitcoin and Ethereum. Current regulations only address the concept of electronic money linked to fiat currency, which exists in forms such as prepaid bank cards and electronic wallets.

$BTC