The new legal framework and the tax management problem: Transparency in the 220 billion USD market
With the official recognition of digital assets, Vietnam is taking a decisive step in tax management and anti-money laundering. From 2026, each transfer of digital assets will be subject to a tax rate of 0.1%, similar to the stock market. This is a necessary response to the fact that Vietnam is leading the world in the percentage of freelancers owning digital assets (over 85%). Regulatory agencies are requiring absolute transparency from exchanges to bring the enormous cash flow under the supervision of the Ministry of Finance according to Decision 96/QĐ-BTC. #anhbacong
This policy not only creates a fair playing field but also helps prevent misconduct and fraud that often occur in a legally deficient environment. Supporting domestic businesses in establishing official trading platforms will help minimize risks for 21 million potential users. The partnership of major banks in deploying "digital gold" platforms shows the trust of financial institutions in the new legal framework. However, strict penalties for serious violations, including criminal liability, are also being finalized. This reaffirms the government's determination to build a safe and healthy digital financial market that positively contributes to the country's GDP growth. $BTC
