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Pham Minh Chinh Pushes Vietnam into Crypto Race: Vietnam Crypto Legal Framework Proposal

  • 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.

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