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Update news virtual assets
Cryptocurrency is not banned in Vietnam: Ministry
Cryptocurrency is not banned in Vietnam but it is necessary to develop a legal framework to ensure its on-track development and prevent risks, a representative from the Ministry of Justice has said.
Regulations on virtual assets go hand-in-hand with anti-financial crimes
Vietnam, added to the Enhanced Monitoring List (Gray List) in June 2023, faces potential reductions in GDP, foreign direct investment (FDI), and other capital flows, according to the IMF.
VN needs regulations of digital, virtual assets
Vietnam needs to develop regulations about digital and virtual assets as Industry 4.0 is driving the emergence of new assets and the lack of rules exists is one of the most significant legal problems in asset ownership rights.
Legal framework for NFT falls into "gray zone"
The NFT (Non-Fungible Token) craze has spread to Vietnam, but the legal framework for this virtual asset is still undecided.
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.
VN Finance Ministry to set up research group on crypto currency
The Ministry of Finance has decided to set up a research group which would be in charge of studying and proposing policies to manage virtual assets and cryptocurrencies.
