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Vietnam’s Prime Minister has ordered the Ministry of Finance and State Bank of Vietnam to create cryptocurrency legislation this month.#Vietnam #USTariffs $BTC
Overview Of A Legal Framework For Digital Currency In Vietnam
Following data recorded by BeInCrypto from Triple-A, Vietnam currently ranks 7th globally in terms of cryptocurrency ownership. There is also increasing hype over the newly launched Pi Network (PI) that has caused Vietnam Authorities to issue a warning.
However, the government has yet to provide a specific definition for virtual currency and virtual assets.
Previously, the Government considered incorporating provisions and regulations on digital assets into legal documents under the Law on Digital Technology Industry. The concept of digital assets was first defined as intangible assets.
More specifically, the regulation classified crypto as digital data. Digital technology creates, issues, stores, transfers, and authenticates this data in an electronic environment.
The Vietnamese Government will launch and operate Financial Hubs in Ho Chi Minh City and Da Nang in 2025.
Last week, the Prime Minister ordered the MOF and MOST to create policies on digital assets and sandboxes. They must complete them by Q2 2025.
#Vietnam #crypto #Regulation $BTC $ETH $XRP
Following data recorded by BeInCrypto from Triple-A, Vietnam currently ranks 7th globally in terms of cryptocurrency ownership. There is also increasing hype over the newly launched Pi Network (PI) that has caused Vietnam Authorities to issue a warning.
However, the government has yet to provide a specific definition for virtual currency and virtual assets.
Previously, the Government considered incorporating provisions and regulations on digital assets into legal documents under the Law on Digital Technology Industry. The concept of digital assets was first defined as intangible assets.
More specifically, the regulation classified crypto as digital data. Digital technology creates, issues, stores, transfers, and authenticates this data in an electronic environment.
The Vietnamese Government will launch and operate Financial Hubs in Ho Chi Minh City and Da Nang in 2025.
Last week, the Prime Minister ordered the MOF and MOST to create policies on digital assets and sandboxes. They must complete them by Q2 2025.
#Vietnam #crypto #Regulation $BTC $ETH $XRP
🚨 PI NETWORK IN TROUBLE? VIETNAM WARNS OF RISKS! ⚠️💰
Vietnamese authorities have issued a stark warning about $Pi Network, labeling its token as speculative and legally unrecognized. Police in Hanoi flagged a surge in interest fueled by hype, cautioning that Pi lacks real-world utility and could be exploited for scams. They emphasized that crypto payments are illegal in Vietnam, with violators facing hefty fines or prosecution. Following the warning, Pi’s price plunged 18%, deepening investor uncertainty. The government urges caution, warning against spreading misleading information.
$SOL $BTC $ETH
#PiNetwork #CryptoWarning #Vietnam #InvestSmart
Vietnamese authorities have issued a stark warning about $Pi Network, labeling its token as speculative and legally unrecognized. Police in Hanoi flagged a surge in interest fueled by hype, cautioning that Pi lacks real-world utility and could be exploited for scams. They emphasized that crypto payments are illegal in Vietnam, with violators facing hefty fines or prosecution. Following the warning, Pi’s price plunged 18%, deepening investor uncertainty. The government urges caution, warning against spreading misleading information.
$SOL $BTC $ETH
#PiNetwork #CryptoWarning #Vietnam #InvestSmart
Edmond Bellehumeur JrhX:
Go to sleep
Vietnamese Authorities Issue Legal Warning Against Pi Network Amid Speculation Concerns
Vietnamese authorities have issued a cautionary statement regarding the Pi Network, highlighting potential risks and the speculative nature of its token. On March 2, the Hanoi City police observed a surge in interest surrounding Pi, attributing it to aggressive social media promotions and recent exchange listings following its mainnet launch.
Key Points from the Warning:
Lack of Legal Recognition:Cryptocurrencies, including Pi, do not hold legal asset status in Vietnam. Consequently, any disputes or financial losses related to Pi transactions may not be protected by law.Potential for Fraudulent Activities:Authorities caution that Pi Network could be exploited for fraudulent purposes, such as creating counterfeit tokens to steal user data or launder money.Speculative Nature:The token's value is self-assigned, lacking practical applications, which may lead to misunderstandings about its true worth among users.
Market Reaction:
Price Decline:Following the warning, Pi token prices dropped by 15% within 24 hours, settling around $1.75.
Implications for Users:
Legal Consequences:Using cryptocurrencies like Pi for payment activities in Vietnam could result in penalties or legal action, as digital assets are not recognized as legal payment methods in the country.
Conclusion:
Vietnamese authorities advise citizens to exercise caution when engaging with Pi Network and similar platforms, emphasizing the importance of understanding the associated risks and the lack of legal protections.
#PiNetwork #CryptocurrencyRisks #Vietnam
💡Stay Informed: Don’t miss out! ✅Follow BTCRead on Binance Square for the latest updates and more.🌐
📢Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your research before making investment decisions.
Key Points from the Warning:
Lack of Legal Recognition:Cryptocurrencies, including Pi, do not hold legal asset status in Vietnam. Consequently, any disputes or financial losses related to Pi transactions may not be protected by law.Potential for Fraudulent Activities:Authorities caution that Pi Network could be exploited for fraudulent purposes, such as creating counterfeit tokens to steal user data or launder money.Speculative Nature:The token's value is self-assigned, lacking practical applications, which may lead to misunderstandings about its true worth among users.
Market Reaction:
Price Decline:Following the warning, Pi token prices dropped by 15% within 24 hours, settling around $1.75.
Implications for Users:
Legal Consequences:Using cryptocurrencies like Pi for payment activities in Vietnam could result in penalties or legal action, as digital assets are not recognized as legal payment methods in the country.
Conclusion:
Vietnamese authorities advise citizens to exercise caution when engaging with Pi Network and similar platforms, emphasizing the importance of understanding the associated risks and the lack of legal protections.
#PiNetwork #CryptocurrencyRisks #Vietnam
💡Stay Informed: Don’t miss out! ✅Follow BTCRead on Binance Square for the latest updates and more.🌐
📢Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your research before making investment decisions.
Square-Creator-575091d22efece5854b4:
others are growing and pi is falling, unfortunately it will not strengthen its position
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#Vietnam taking a big step towards #regulasi #Crypto .
#PM #PhamMinhChinh has ordered the Ministry of Finance & Bank Negara to draft regulations for digital assets, with proposals expected in March. This comes as Vietnam aims for an 8% economic growth by 2025.
#PM #PhamMinhChinh has ordered the Ministry of Finance & Bank Negara to draft regulations for digital assets, with proposals expected in March. This comes as Vietnam aims for an 8% economic growth by 2025.
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Vietnam Tests Cryptocurrency Trading: A Major Step on the Crypto Map
🚀 Vietnam is preparing to test cryptocurrency trading in the financial center starting from July 1, 2026. This is an important step in legalizing and managing the crypto market, opening up development opportunities for fintech and blockchain.
Sandbox testing for cryptocurrencies
📌 According to the draft resolution from the National Assembly, digital asset and cryptocurrency transactions will be tested under a sandbox model in the financial center.
Sandbox testing for cryptocurrencies
📌 According to the draft resolution from the National Assembly, digital asset and cryptocurrency transactions will be tested under a sandbox model in the financial center.
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I just entered the market last season and have no experience, so I burned my account. This season I have switched to spot trading but still left a few tens to trade futures. I bought about 2 weeks ago and almost all my orders have been profitable. Now I see that every coin is increasing, so I don't dare to play anymore because I don't know how to read the charts to predict whether the price will rise or fall. Can everyone share a bit of experience?
658655468871947694289193477103366
658655468871947694289193477103366
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$BTC has a good signal and is gradually returning to the peak of 69,000 $BTC yesterday. The market has had a very deep shakeout move. To get liquidity and eliminate the #Long #Short price increase before the upcoming halving cycle in April this year. So guys, please hold tight to the coins you have to prepare for the next super price increase that is about to happen. #vietnam #TradeCoinVN #BTC
$BTC
$BTC
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Seeing as the price of Taiwanese dollars is continuously decreasing, today I would like to share a little
Fiat money loses value over time🕰️ and when you look at the chart of its price decreasing day after day like this, what should you do now 😩?
Vietnamese people who come to Taiwan to work hard but keep 100% cash, it seems to erode their hard work, let alone me.
But I only keep about 20% for living expenses. If it devalues, it will only destroy 20% of mine.
The remaining 80% of cash will be held in the form of Bitcoin assets 🟠
=> Because it is a global hard asset, absolutely safe, no one can devalue, no one can rob and the price increases over time.
Fiat money compared to Bitcoin only goes down forever
In a situation where fiat currency is devalued like this, what will you do:
1. Continue to hold 100% cash, accept its devaluation
2. Not interested
3. Prevent inflation and keep money in Bitcoin form
(This is a personal sharing, not advice)
#vietnam #bitcoin #VietnamBinanceSquare
Fiat money loses value over time🕰️ and when you look at the chart of its price decreasing day after day like this, what should you do now 😩?
Vietnamese people who come to Taiwan to work hard but keep 100% cash, it seems to erode their hard work, let alone me.
But I only keep about 20% for living expenses. If it devalues, it will only destroy 20% of mine.
The remaining 80% of cash will be held in the form of Bitcoin assets 🟠
=> Because it is a global hard asset, absolutely safe, no one can devalue, no one can rob and the price increases over time.
Fiat money compared to Bitcoin only goes down forever
In a situation where fiat currency is devalued like this, what will you do:
1. Continue to hold 100% cash, accept its devaluation
2. Not interested
3. Prevent inflation and keep money in Bitcoin form
(This is a personal sharing, not advice)
#vietnam #bitcoin #VietnamBinanceSquare
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$PDA Hesitate or die?
The business world is a battlefield. If you are not decisive, you can die.
• Analysis, capital allocation, very professional, very technical with unpredictable markets we need to consider carefully with the market #Uptrend opportunities come and go when you don't know what to hold 10 years ago you had $100 Do you allocate capital when investing in #bitcoin or do you buy it all? First of all, let's talk about the issue of risk, yes, you've entered #Binance , haven't you already accepted the risk, right? So why don't you listen to your heart and aim for financial freedom? I don't know if this choice is right or wrong, but I will not regret believing and living my life for that ideal.
• At #vietnam , you hear a lot about Ryan Nguyen, Khoapug.... isn't that right? We are now financially free, do you want that?
⏩ #PDA current price is an attractive number, be wise when choosing
invest .
The business world is a battlefield. If you are not decisive, you can die.
• Analysis, capital allocation, very professional, very technical with unpredictable markets we need to consider carefully with the market #Uptrend opportunities come and go when you don't know what to hold 10 years ago you had $100 Do you allocate capital when investing in #bitcoin or do you buy it all? First of all, let's talk about the issue of risk, yes, you've entered #Binance , haven't you already accepted the risk, right? So why don't you listen to your heart and aim for financial freedom? I don't know if this choice is right or wrong, but I will not regret believing and living my life for that ideal.
• At #vietnam , you hear a lot about Ryan Nguyen, Khoapug.... isn't that right? We are now financially free, do you want that?
⏩ #PDA current price is an attractive number, be wise when choosing
invest .
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#hotTrends bome the currency has risen in recent days. #bome has shown a quick recovery after bottoming at 0.0087$ to 0.0148$ signaling preparations for a massive pump to appear quickly. #Btc-halving #vietnam #bnb
$BOME $BTC $SOL
$BOME $BTC $SOL
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How to have a steady profit every day even when the market is up or down??? It's very simple, just put in a minimum of $10 and copy my orders. With a short-term scalping style, it will bring steady profits every day with very low risk. #Write2Win #binance #VietNamScalper89 #VietnamBinanceSquare #vietnam $BNB
My Futures Portfolio
46 / 200
Minimum 10USDT
Copy trader have earned in last 7 days
22.70
USDT
7D ROI
+2.27%
AUM
$20654.51
Win Rate
90.90%
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The truth is that Vietnam's Ministry of Justice affirms that "it does not ban digital currencies and virtual assets"
Virtual currencies and virtual assets are not banned in Vietnam, but it is necessary to build a legal framework to manage and prevent risks, according to a representative of the Ministry of Justice.
👉 Xem Ngay: SIÊU SỰ KIỆN QUỸ THƯỞNG 12 BTC
On the afternoon of April 12, a representative of the Ministry of Justice - Deputy Department of Civil Law (Ministry of Justice) said that in the world there are still many different concepts about virtual assets, digital currencies, and cryptocurrencies. Countries have different approaches. For example, the US does not issue a separate legal framework for virtual currencies and virtual assets, but uses specialized laws to regulate them.
He assessed that virtual assets and virtual currencies "have many potential risks and can easily be exploited and appropriated", but Vietnam does not have specific regulations and does not consider cryptocurrency as a type of asset.
Therefore, in the coming time, he believes that it is necessary to build a legal framework to manage virtual assets and virtual money. "There needs to be regulations prohibiting risky behaviors or taking advantage of virtual currency and virtual assets," he said, adding that when the Ministry of Finance makes specific proposals, the Ministry of Justice will take charge. point more clearly.
Digital currencies such as Bitcoin, Ethereum... are considered popular virtual assets. However, Vietnam does not have a specific definition of virtual currency and virtual assets. The new regulations now mention the concept of cryptocurrencies anchored to fiat money, existing in the form of bank prepaid cards and e-wallets.
The Government has repeatedly assigned the State Bank to research and pilot virtual currency to prevent money laundering risks.
However, the current practice of buying, selling, and exchanging virtual assets in Vietnam is done through international exchanges or direct agreements, posing potential risks of money laundering. Therefore, two years ago, the National Assembly proposed that the Government soon have a legal corridor on this new type of asset.
In February 2024, the Government assigned the Ministry of Finance to research and develop a legal framework to ban or regulate virtual assets and organizations providing these asset services, completed in May 2025. This is to limit the risks of money laundering and terrorist financing related to this type of asset.
#Bitcoin(BTC) #vietnam #BTC🔥🔥🔥🔥
Virtual currencies and virtual assets are not banned in Vietnam, but it is necessary to build a legal framework to manage and prevent risks, according to a representative of the Ministry of Justice.
👉 Xem Ngay: SIÊU SỰ KIỆN QUỸ THƯỞNG 12 BTC
On the afternoon of April 12, a representative of the Ministry of Justice - Deputy Department of Civil Law (Ministry of Justice) said that in the world there are still many different concepts about virtual assets, digital currencies, and cryptocurrencies. Countries have different approaches. For example, the US does not issue a separate legal framework for virtual currencies and virtual assets, but uses specialized laws to regulate them.
He assessed that virtual assets and virtual currencies "have many potential risks and can easily be exploited and appropriated", but Vietnam does not have specific regulations and does not consider cryptocurrency as a type of asset.
Therefore, in the coming time, he believes that it is necessary to build a legal framework to manage virtual assets and virtual money. "There needs to be regulations prohibiting risky behaviors or taking advantage of virtual currency and virtual assets," he said, adding that when the Ministry of Finance makes specific proposals, the Ministry of Justice will take charge. point more clearly.
Digital currencies such as Bitcoin, Ethereum... are considered popular virtual assets. However, Vietnam does not have a specific definition of virtual currency and virtual assets. The new regulations now mention the concept of cryptocurrencies anchored to fiat money, existing in the form of bank prepaid cards and e-wallets.
The Government has repeatedly assigned the State Bank to research and pilot virtual currency to prevent money laundering risks.
However, the current practice of buying, selling, and exchanging virtual assets in Vietnam is done through international exchanges or direct agreements, posing potential risks of money laundering. Therefore, two years ago, the National Assembly proposed that the Government soon have a legal corridor on this new type of asset.
In February 2024, the Government assigned the Ministry of Finance to research and develop a legal framework to ban or regulate virtual assets and organizations providing these asset services, completed in May 2025. This is to limit the risks of money laundering and terrorist financing related to this type of asset.
#Bitcoin(BTC) #vietnam #BTC🔥🔥🔥🔥
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Bitcoin up and down - Normal as a scale of sugar and milk.
That is something that anyone who has been in this market for a while knows and is not surprising. Or anyone who understands currency will easily know.
If you drag the chart bar on Coinmaketcap to the entire time mark, the increase of BTC is 1 million percent !! Simply because Bitcoin started with a great idea and it entered the game with a valuation of 0 (đ). But its real value is that great initiative - creativity with unlimited freedom and this number is just gradually proving the greatness of that innovation..
For me, it is just funny that now when it goes up 5-10%, there are already billions of rumors about Bitcoin 😸. As for me, I simply use Bitcoin as an asset. When I need to sell, when I have, I buy. Good luck 🍀 - reader #bitcoin #vietnam #vis #viets
That is something that anyone who has been in this market for a while knows and is not surprising. Or anyone who understands currency will easily know.
If you drag the chart bar on Coinmaketcap to the entire time mark, the increase of BTC is 1 million percent !! Simply because Bitcoin started with a great idea and it entered the game with a valuation of 0 (đ). But its real value is that great initiative - creativity with unlimited freedom and this number is just gradually proving the greatness of that innovation..
For me, it is just funny that now when it goes up 5-10%, there are already billions of rumors about Bitcoin 😸. As for me, I simply use Bitcoin as an asset. When I need to sell, when I have, I buy. Good luck 🍀 - reader #bitcoin #vietnam #vis #viets
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🔥🔥🔥THIS IS THE WAVE DRAWING $BTC I POSTED ON MAY 27, 2024 - HOW CLOSE IS THE BTC TO THE PICTURE I DRAW?
💥I drew wave $BTC that will discharge in a ladder shape, making it very difficult for players to catch the bottom.
🙏MM running this wave is really difficult for less experienced players.
🙏I'm still holding a lot of USDT to buy altcoins and BTC in the 53-55k and 45k areas.
🚀When you look back, the things I drew and said were not random or random.
👍Like and subscribe so I have the motivation to continue writing.
Thank you.
Ninja Trading.
#BinanceSquareVietnam #vietnam #BTC☀️ #altcoinseason #Downtrend
💥I drew wave $BTC that will discharge in a ladder shape, making it very difficult for players to catch the bottom.
🙏MM running this wave is really difficult for less experienced players.
🙏I'm still holding a lot of USDT to buy altcoins and BTC in the 53-55k and 45k areas.
🚀When you look back, the things I drew and said were not random or random.
👍Like and subscribe so I have the motivation to continue writing.
Thank you.
Ninja Trading.
#BinanceSquareVietnam #vietnam #BTC☀️ #altcoinseason #Downtrend
🚨 🚨 🚨 Update on $BTC upcoming mid-term - DANGEROUS 52k IS STILL THE DESTINATION
💥After observing $BTC in this 68-70k area for a few days, I now find it quite difficult for BTC to break ATH this time. And I think it will be very unlikely for BTC to break ATH to uptrend as many of you want. Instead, I think the upcoming BTC wave will have a more stressful scenario for those holding altcoins
🙏Specifically, in the near future, BTC may have a correction to the 65-66k area and WITHDRAW VERY QUICKLY to return to this 69-70k area -> Create a feeling of uptrend and fomo in line so that BTC will continue to gradually release sideways. 52k area (as shown in the picture) and kills F0 people who do not have much experience.
👍For me, BTC in this wave is still very difficult to breathe and will not be easy to play for new players.
🙏Currently the memecoin wave is running quite strongly as I stated tại bài viết này, and I am still holding the BTC short order as in the article tại đây I called.
Click like and subscribe to me to receive more market information as quickly as possible.
Ninja Trading.
Thank you.
#EarnFreeCrypto2024 #binance #bitcoin #ai #ethereum
💥After observing $BTC in this 68-70k area for a few days, I now find it quite difficult for BTC to break ATH this time. And I think it will be very unlikely for BTC to break ATH to uptrend as many of you want. Instead, I think the upcoming BTC wave will have a more stressful scenario for those holding altcoins
🙏Specifically, in the near future, BTC may have a correction to the 65-66k area and WITHDRAW VERY QUICKLY to return to this 69-70k area -> Create a feeling of uptrend and fomo in line so that BTC will continue to gradually release sideways. 52k area (as shown in the picture) and kills F0 people who do not have much experience.
👍For me, BTC in this wave is still very difficult to breathe and will not be easy to play for new players.
🙏Currently the memecoin wave is running quite strongly as I stated tại bài viết này, and I am still holding the BTC short order as in the article tại đây I called.
Click like and subscribe to me to receive more market information as quickly as possible.
Ninja Trading.
Thank you.
#EarnFreeCrypto2024 #binance #bitcoin #ai #ethereum
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Please search my name and enter the chat room to discuss and make profits! look at my command history statistics 👌#binance #VietnamBinanceSquare #omni #VietNamScalper89 #vietnam $BTC $ETH $BIFI
My Futures Portfolio
46 / 200
Minimum 10USDT
Copy trader have earned in last 7 days
22.70
USDT
7D ROI
+2.27%
AUM
$20654.51
Win Rate
90.90%
See original
You can simulate an investment portfolio to test! It is free 🥰$BTC $ETH $BNB #hotTrends #Write2Erarn #VietNamScalper89 #vietnam #futures
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🏆 VIETNAM LEADS THE WORLD IN PERCENTAGE OF POPULATION OWNING CRYPTO
According to data from CryptoCrunchApp, Vietnam is the country with the highest percentage of population owning crypto in the world in 2023 with nearly 26% (25.9 million people) - This number far exceeds the rate of less than 13% of other countries. back in the rankings.
India is the leading country in the above rankings with 157.6 million people owning crypto, ranked 2nd is the US with 44.3 million people and ranked 3rd is Vietnam with 25.9 million people.
Accordingly, Vietnam even surpasses China when this country of billions of people has only 19.9 million people owning crypto. If calculated by population ratio, Vietnam is the leading country in the world with nearly 26% of the population owning cryptocurrency assets.
If compared with the stock market, the proportion of the population investing in Crypto is more than 3 times the number of people investing in stocks, while currently in Vietnam only 8% of the population has securities accounts - According to data from the Center Vietnam Securities Depository.
_____
#bitcoin #ethereum #crypto2023 #vietnam
According to data from CryptoCrunchApp, Vietnam is the country with the highest percentage of population owning crypto in the world in 2023 with nearly 26% (25.9 million people) - This number far exceeds the rate of less than 13% of other countries. back in the rankings.
India is the leading country in the above rankings with 157.6 million people owning crypto, ranked 2nd is the US with 44.3 million people and ranked 3rd is Vietnam with 25.9 million people.
Accordingly, Vietnam even surpasses China when this country of billions of people has only 19.9 million people owning crypto. If calculated by population ratio, Vietnam is the leading country in the world with nearly 26% of the population owning cryptocurrency assets.
If compared with the stock market, the proportion of the population investing in Crypto is more than 3 times the number of people investing in stocks, while currently in Vietnam only 8% of the population has securities accounts - According to data from the Center Vietnam Securities Depository.
_____
#bitcoin #ethereum #crypto2023 #vietnam
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