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Vietnam Moves to Draft Legal Framework for Cryptocurrency

  • Vietnam's Prime Minister has ordered a legal framework for cryptocurrency to regulate digital currencies in the country.
  • The move aims to provide legal certainty to public users and industry actors engaged in the crypto space without explicit rules.
  • Vietnam aims to balance innovation with legal uncertainty and promote blockchain technology while addressing the risks associated with crypto trading and investment.
  • The future of crypto regulation in Vietnam remains uncertain, and the approach taken will significantly impact the Vietnamese blockchain and crypto ecosystem.

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