#VietnamCryptoPolicy In the past, many countries, such as Vietnam, India, and China, approached cryptocurrencies with a certain mistrust and great caution, with some governments even criminalizing their use as a means of payment or even their possession by individuals and businesses. These policies were motivated by fears related to 📉 price volatility, 💣 the financing of illegal activities, and the weakness of the ability to monitor financial flows outside traditional banking frameworks.

👮‍♂️ However, these countries were surprised, after years of prohibition, that a large segment of their citizens owned digital assets such as Bitcoin, Ethereum, and others. In some cases, these countries ranked highly in global cryptocurrency adoption rates, despite the restrictions and strict laws imposed on them.