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Vietnam Moves Towards Crypto Regulation, Ministry of Justice Calls for Legal Framework

From econotimes.com

The Vietnam Ministry of Justice has underscored the urgent need for a legal framework to govern the burgeoning cryptocurrency sector amid rising transactions and regulatory gaps. Vietnam's Crypto Market Thrives Amid Regulatory Uncertainty and Calls for Legal Framework: Cryptocurrency operates in a unique regulatory environment in Vietnam, where explicit bans do not restrict it but lack a formal legal framework. According to CoinGape The lack of clear regulations exposes the industry to significant risks, particularly money laundering and illicit appropriation. Despite the legal ambiguity, cryptocurrency transactions ... (full story)

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  • Category: Fundamental Analysis