Vietnam's Prime Minister, Pham Minh Chinh, is pushing for a legal framework for digital assets in order to position Vietnam as a key player in the crypto market.
The proposed framework aims to regulate ownership, trading, and use of crypto, providing clarity to investors, businesses, and financial institutions.
Vietnam's entry into regulated crypto is expected to accelerate the legitimization of crypto in Southeast Asia and attract foreign investment, enhancing the country's global economic standing.
Additionally, the framework has the potential to streamline cross-border payments, boost tech sector jobs, and strengthen Vietnam's goal of becoming a top global economy by 2050.