📢Good news! 🎉Representatives of the Vietnamese Ministry of Justice made it clear that cryptocurrencies are not banned in Vietnam, but in order to ensure their normal development and prevent risks, it is necessary to develop a legal framework. 💼Cao Dang Vinh, Deputy Minister of the Ministry of Economy and Civil Legislation of Vietnam, emphasized that although there are no regulations to manage the development of cryptocurrencies in Vietnam and cryptocurrencies are not considered legal assets, it is urgent to develop a legal framework. 🚀

🏦The Vietnamese government has instructed the State Bank to study cryptocurrencies and virtual assets to prevent them from being used for money laundering. At the same time, the Ministry of Finance has also been required to establish a legal framework for them by May 2025. 📚

📊According to statistics from the Vietnam Blockchain Association, as of September 2023, the total value of cryptocurrencies in Vietnam is nearly US$91 billion, of which illegal transactions are worth about US$956 million. 🔍This news undoubtedly brings new hope for the development of cryptocurrencies such as Bitcoin! 🌟