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The goal is to ban or strictly manage this type of asset, to prevent money laundering and terrorist financing risks. The Ministry of Finance and the State Bank will assess risks and develop a specific legal framework. Although Vietnam does not have a clear definition of crypto, it has become an important market with vibrant buying, selling and exchanging of digital assets. The National Assembly and the Government both emphasized the importance of soon having a legal corridor for crypto, especially in the context of Vietnam's efforts to escape the FATF gray list on anti-money laundering and terrorist financing before May. May 2025.
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