Vietnam prepares legal framework for virtual assets, virtual currency

Vietnam prepares legal framework for virtual assets, virtual currency

Deputy PM Le Minh Khai has released an instruction for the Ministries of Finance, Justice, Information & Communications and the State Bank of Vietnam on the building of a legal framework on virtual assets and virtual currency.

Despite a lack of legal framework around the crypto market, Vietnamese has the highest percentage of crypto holders worldwide. According to Finder’s crypto ownership report, Vietnam tops the worldwide rankings, with 41% of its population reportedly holding crypto.

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