The Prime Minister of Vietnam, Pham Minh Chinh, has ordered the development of a legal framework for cryptocurrencies by the end of March to form the regulatory basis for digital assets. The Ministry of Finance will be responsible for creating this framework, while the State Bank will oversee interest rates and exchange rates. Vietnam ranks fifth in terms of cryptocurrency adoption, with 17 million cryptocurrency asset owners in the country. However, the lack of clear regulations for cryptocurrencies forces companies to migrate to other countries.
3/5/2025 8:33:32 AM (GMT+1)
The Prime Minister of Vietnam has ordered the development of a legal framework for cryptocurrencies to create a legal basis for digital assets and support their development in the country
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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