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Update news digital assets
As digital assets become increasingly popular in Vietnam, experts are calling for the urgent creation of a legal framework to protect users, manage risks, and boost state budget revenues.
Vietnam's embrace of digital assets is accelerating, drawing investment giants as the country prepares for a legal framework supporting tokenized markets.
Legal recognition of digital assets marks pivotal moment for Vietnam’s fintech future.
According to experts, even real estate and gold fluctuate unpredictably. Accepting digital assets as collateral could expose banks to major risks when asset values plummet.
The Ministry of Finance drafts a resolution to pilot digital asset issuance and trading, aiming to balance innovation with risk management.
Experts urge Vietnam to launch a central bank digital currency (CBDC) to regulate digital transactions and integrate with global cryptocurrencies. A legal framework is also under development to govern digital assets.
The Ministry of Finance is finalizing a pilot resolution to govern virtual and crypto assets in Vietnam, expected by mid-March.
The Ministry of Planning and Investment also sought comments on a draft resolution of the National Assembly on the building of a regional and international financial centre in Việt Nam
The development of legal frameworks for virtual and digital assets has become a pressing topic in the legislative work of various ministries and agencies.