Key Points:
VBA involvement in the National Blockchain Strategy of Vietnam demonstrates the very intent of the government to proliferate blockchain and its advantages throughout the digital economy.
The Vietnamese government aspires to be one of the pioneering countries to adopt blockchain technology with legal recognition of Digital Assets. This would be instrumental in addressing issues like money laundering and reinforcing the legal frameworks.
Read more: Why is Cryptocurrency Still Not Regulated in Vietnam?
The National Blockchain Strategy of Vietnam reflects a well-thought-out approach by the government in promoting the use of blockchain, enhancing transparency, and supporting economic growth.
On the other hand, by Legalizing Digital Assets, Vietnam cements a strategic position in global markets and complies with international standards, such as the FATF regulations in combating financial crimes.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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