Vietnam's Ministry of Finance plans to propose a legal framework for digital assets and cryptocurrencies, which includes a pilot program for a state-licensed digital currency exchange. This move comes as the Prime Minister urges regulators to establish clear guidelines for managing digital assets. The proposed exchange would allow individuals and businesses to trade digital assets under state supervision, ensuring legal protections and reducing risks. The government is also exploring regulations to allow Vietnamese enterprises to issue virtual assets for financial mobilization. Currently, Vietnam lacks formal legal definitions for digital assets and cryptocurrencies, resulting in lost tax revenue and limited market oversight. The proposed regulatory framework aims to harness the growing digital asset sector while mitigating risks.



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