VN has finally enacted a law to manage virtual assets, from now on, you can confidently say you are a virtual currency investor.

Previously, every time you burned your account, you could only say you were gambling with high-risk bets, which sounded too much like gambling. Now you can confidently say I invested in virtual currency and lost, which sounds much more sophisticated.

With virtual currency recognized as an asset, traders will be protected by the state. To be protected, you can confidently trade on centralized exchanges like Binance, etc. If these exchanges don't want to be blocked by VN like Telegram, one day they will have to hand over the complete list of Vietnamese accounts that have done KYC, and all P2P transactions buying and selling USDT over the years to collect taxes, or rather, track down money laundering... Just thinking about it already feels reassuring 🥹

Source from anonymous member Upside