The building blocks of crypto policy
However, Vietnam lacks a comprehensive regulatory framework. Cryptocurrency in Vietnam has evolved into an unregulated market, presenting significant challenges for the government. These include difficulties in tax collection, increasing foreign currency outflows, and heightened investor vulnerability.
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| Vlad Savin, partner, Acclime Vietnam |
To harness crypto’s potential while mitigating risks, the Vietnamese authorities seek to develop a pilot policy for its cryptocurrency market. Among the various global models, the Markets in Crypto-Assets Regulation (MiCA) and the European Blockchain Regulatory Sandbox (EBRS) offer the most suitable blueprint for Vietnam due to its balance of innovation and…
