Vietnam’s Prime Minister has ordered a legal framework for crypto assets like Bitcoin and Ethereum, aiming to regulate digital currencies in the country.
Authorities stress that cryptocurrencies, including Pi Network, lack legal recognition, making transactions unprotected and crypto payments unlawful in Vietnam.
Vietnam intends to enhance its regulation of digital assets. Prime Minister Pham Minh Chinh has directed the Ministry of Finance and the State Bank of Vietnam to draft a legal framework for cryptocurrency in the near future. This step is supposed to give public users and industry actors that have been engaged in the crypto space without explicit rules legal certainty.
Breaking: Vietnam’s PM has directed the Central Bank and Finance Ministry to draft a legal framework for digital assets, hinting at a possible change in the nation’s crypto rules. pic.twitter.com/BzkuRuEd8o
— Crypto Jessica (@CryptoJessXBT) March 3, 2025
Balancing Innovation and Legal Uncertainty i
