cryptoregulationbattle

Vietnam is moving closer to formally regulating the cryptocurrency market, with new proposals that would tax crypto transactions in a manner similar to stock trading. The draft policy, recently released by the Ministry of Finance, has sparked widespread discussion among investors, industry participants, and policymakers.
0.1% Transaction Tax on Crypto Trades
Under the proposal, individuals who transfer or trade cryptocurrency through licensed service providers will be subject to a personal income tax of 0.1% on the total transaction value. This taxation model mirrors the current mechanism applied to stock transactions in Vietnam, where tax is calculated based on turnover rather than net profit.
According to reports from Hanoi Times, the tax will apply per transaction, regardless of whether the investor realizes a profit or loss. The regulation will cover both domestic and foreign investors, as long as the transaction is conducted within Vietnam’s regulated framework.
Notably, the draft policy states that crypto transactions will be exempt from Value Added Tax (VAT). However, revenue-based taxation will still be enforced, reflecting the government’s intention to prioritize ease of tax collection and compliance.
Different Tax Treatment for Enterprises
For businesses operating in Vietnam, crypto-related income will be taxed under a different structure. Enterprises earning profits from cryptocurrency transfers will be subject to corporate income tax at a rate of 20%, calculated on net profit after deducting acquisition costs and relevant expenses.
This distinction highlights the government’s approach to treating individual investors and corporate entities separately, aligning crypto taxation more closely with existing corporate financial regulations.
Vietnam Officially Defines Crypto Assets
Beyond taxation, the draft also provides an official legal definition of crypto assets. Digital assets are described as assets created, stored, transferred, and verified using cryptographic technologies or similar technological solutions.
This definition represents a key milestone, as it lays the foundation for future regulatory clarity and enforcement across the crypto ecosystem, including exchanges, custodians, and service providers.
Strict Licensing Requirements for Crypto Exchanges
One of the most debated aspects of the proposal is the stringent licensing requirement for crypto exchanges. Platforms seeking to operate legally in Vietnam must meet a minimum charter capital requirement of 10 trillion VND (approximately $408 million USD) — a threshold higher than that required for many commercial banks.
While foreign investors are allowed to participate, their ownership in licensed exchanges will be capped at 49%, ensuring domestic control over strategic infrastructure.
Five-Year Pilot Program Faces Challenges
These regulations are part of a five-year pilot program aimed at managing and supervising the digital asset market, scheduled to begin in September 2025. However, as of October 6, 2025, the Ministry of Finance confirmed that no companies had applied to participate in the pilot.
The lack of applicants is widely attributed to the high capital requirements and strict approval conditions, which many industry players consider difficult to meet.
Vietnam Begins Accepting License Applications
In a significant recent development, Vietnam has officially started accepting applications to operate regulated digital asset trading platforms. The State Securities Commission (SSC) announced that license applications will be accepted starting January 20, 2026, marking the first concrete step toward a regulated crypto market.
This move reflects Vietnam’s broader effort to enhance transparency, improve investor protection, and bring crypto activities under a clear legal framework rather than banning or ignoring them.
A Turning Point for Vietnam’s Crypto Market?
While the proposed tax rate of 0.1% is relatively low compared to profit-based taxation models, the per-transaction structure could significantly impact high-frequency traders. At the same time, strict licensing conditions may limit market participation in the early stages.
As public feedback on the draft continues, investors and industry stakeholders will be closely watching how Vietnam balances innovation, regulation, and market accessibility in the evolving digital asset landscape.
Disclaimer:
This article is for informational purposes only and reflects a personal blog-style analysis. It does not constitute financial or investment advice. Investors should conduct their own research before making any decisions. The author is not responsible for any investment outcomes.
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#vietnamcrypto #CryptoRegulationBattle #BTC

China has once again reaffirmed its strict ban on cryptocurrencies, while significantly expanding regulatory scrutiny to include real-world asset (RWA) tokenization and stablecoins issued offshore but linked to the Chinese yuan.
In a joint notice released on Friday, the People’s Bank of China (PBoC), together with key regulatory bodies including the National Development and Reform Commission, the Ministry of Public Security, securities regulators, and the foreign exchange authority, reiterated that all crypto-related activities remain illegal in mainland China.
The authorities stated that speculative activities involving cryptocurrencies and RWA tokenization have disrupted financial order and increased systemic risks, reinforcing Beijing’s long-standing concerns over financial stability and capital control.
Cryptocurrencies Have No Legal Status in China
The notice emphasized China’s consistent policy stance: all cryptocurrencies, including Bitcoin and stablecoins such as USDT, do not have legal status equivalent to fiat currency and are not permitted to circulate as money within the country.
A wide range of crypto-related business activities continue to be classified as illegal financial operations, including:
Converting cryptocurrencies into fiat currency
Token trading and exchange services
Acting as a central counterparty or clearing intermediary
Providing pricing information, valuation services, or technical support for crypto transactions
These restrictions apply regardless of whether the activities are conducted directly or indirectly.
Beijing Takes a Harder Line on Stablecoins and RWA
One of the most notable developments in the latest announcement is Beijing’s toughened stance on yuan-linked stablecoins. Regulators made it clear that no organization or individual—domestic or foreign—is permitted to issue offshore stablecoins pegged to the Chinese yuan without explicit regulatory approval.
This clarification signals growing concern among Chinese authorities over the potential impact of stablecoins on monetary sovereignty, cross-border capital flows, and financial supervision.
Language surrounding real-world asset (RWA) tokenization has also been significantly tightened. RWA tokenization is defined as the use of cryptographic techniques and distributed ledger technology to convert ownership rights or income rights into tokenized certificates that can be issued and traded.
Under the new framework:
RWA tokenization activities are prohibited within China, unless conducted on designated financial infrastructure with prior regulatory approval
Related intermediary services and IT support are also banned
Foreign entities are prohibited from illegally providing RWA tokenization services to domestic Chinese counterparts
Expanded Reach Beyond China’s Borders
The new rules further narrow regulatory loopholes by extending oversight beyond mainland China. Domestic entities—or offshore entities controlled by them—are not allowed to issue cryptocurrencies overseas without proper approval.
In addition, the principle of “same activity, same risk, same regulation” now applies to offshore RWA tokenization projects that are based on domestic assets or economic interests. Such projects must obtain regulatory approval or complete required filings, even if the token issuance occurs outside China.
Not a New Policy, But a Broader Enforcement Scope
While the stronger language on offshore structures and RWA tokenization represents a tightening of enforcement, it is not a new policy direction. In the past, Chinese regulators have:
Required brokerage firms to halt tokenization initiatives in Hong Kong
Repeatedly warned about the risks associated with stablecoins
Continued to promote state-backed digital currencies, particularly the digital yuan (e-CNY)
Together, these measures underline Beijing’s preference for tightly controlled digital finance models over decentralized or privately issued crypto assets.
Final Thoughts
China’s latest regulatory clarification reinforces its zero-tolerance approach toward cryptocurrencies while signaling increased vigilance over emerging areas such as tokenized assets and stablecoins. The move reflects broader concerns over financial stability, regulatory arbitrage, and the preservation of monetary control.
📌 Disclaimer:
This article is for informational purposes only and represents a personal blog-style market commentary. It does not constitute financial or investment advice. Readers should conduct their own independent research before making any financial decisions. The author assumes no responsibility for outcomes resulting from actions taken based on this content.
👉 Follow for more updates on global crypto regulation and digital asset markets.
#china #CryptoRegulationBattle #Stablecoins

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Когда президент страны лично анонсирует криптовалюту, а основатель Binance дает советы — это не просто токен. Это политическая ставка. Сегодня разберем, кто реально стоит за @Binance CIS $KGST и почему эта поддержка может быть важнее самой технологии.
Президент Киргизии в игре
Садыр Жапаров — действующий президент — лично объявил о листинге KGST на Binance 23 декабря 2025. Не пресс-секретарь, не министр. Сам президент.
Это первый случай в СНГ, когда глава государства публично продвигает национальный стейблкоин. Жапаров написал в соцсетях: Наш сом выходит на глобальный рынок.
Вот что это значит реально:
Политические риски снижены. Правительство не закроет проект внезапно — слишком много репутации на кону.
Банки обязаны сотрудничать. Резервы KGST хранятся в местных банках. Когда президент за проект, банки не саботируют.
Медийное покрытие бесплатное. Госканалы крутят новости про KGST как достижение страны.
Но есть обратная сторона. Если Жапаров потеряет власть или экономика рухнет — токен умрет вместе с режимом. Политическая зависимость работает в обе стороны.
CZ как консультант
Чанпен Чжао — бывший CEO Binance, сейчас свободный агент — выступил советником проекта. Он твитнул 23 декабря: Первый национальный стейблкоин на BNB Chain. Рад помогать.
Что CZ дает проекту:
Доверие институционалов. Если CZ в деле, значит проект прошел его фильтр. Венчурные фонды смотрят на это.
Прямая линия к Binance. Листинг на главной бирже мира за месяц после запуска — это не случайность. Обычно ждут годы.
Экспертиза в регуляциях. CZ знает, как обходить мины SEC и других регуляторов. Для национального стейблкоина это критично.
Честно скажу: участие CZ — самый сильный аргумент за KGST. Он не ставит имя на шлак. Но помните — он советник, не владелец. Если что-то пойдет не так, он просто уйдет.
Экосистема Binance
Листинг на Binance —это не просто биржа. Это целая инфраструктура:
BNB Chain как база. Токен работает на блокчейне Binance. Комиссии копеечные, скорость высокая.
Пары KGST/USDT доступны. Ликвидность с первого дня. Обычно новые токены месяцами ищут ликвидность.
Интеграция с Trust Wallet. Миллионы пользователей могут хранить KGST без танцев с бубном.
Но зависимость от Binance — это риск. Если биржа решит деслистить токен или BNB Chain упадет в цене — KGST пострадает автоматически.
Денежные переводы как драйвер
Киргизия получает 30% ВВП от денежных переводов мигрантов из России и Казахстана. Это $3 млрд в год.
Правительство хочет, чтобы эти деньги шли через KGST:
Комиссии ниже. Western Union берет 5-8%. KGST обещает меньше 1%.
Скорость выше. Банковский перевод идет 2- 3 дня. Блокчейн — минуты.
Контроль государства. Все транзакции видны. Налоговая довольна.
Если хотя бы 10% переводов пойдут через KGST, объем вырастет до $300 млн в год. Это уже серьезная капитализация.
Чего не хватает
При всей поддержке есть дыры:
Нет публичного аудита резервов. USDC публикует отчеты ежемесячно. KGST — ноль инфы.
Команда анонимна. Кто реально разрабатывает? Неизвестно. Только президент и CZ на виду.
GitHub пустой. Код не опубликован. Проверить безопасность невозможно.
Я бы не вкладывал больше 2% портфеля в торкен без прозрачности, даже если за ним президент.
Что делать дальше
Если вас интересует KGST, вот план:
Отслеживайте новости от @Binance CIS про объемы торговПроверяйте курс сома к доллару — он влияет на пегСмотрите на политику Киргизии — выборы в 2026 могут все поменятьНе держите больше 1-2% портфеля до появления аудита резервовИспользуйте для переводов, не для спекуляций — это стейблкоин
Поддержка президента и CZ дает KGST шанс. Но отсутствие прозорачности убивает доверие профи. Выбирайте сами.
А вы бы доверили свои деньги токену, который поддерживает президент, но прячет резервы?
#Write2Earn #Stablecoins #BNBChain #CryptoRegulationBattle #altcoins

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The Real Question Nobody's Asking
Look, @Binance CIS just listed $KGST —Kyrgyzstan's national stablecoin pegged 1:1 to their som. First CIS country to pull this off on Binance. Sounds cool, right? But here's the thing: do we actually need governments creating crypto?
I've been watching this space for years. Most of us got burned chasing yield on sketchy stablecoins. Now governments want in. Let me break down what this really means.
What $KGST Actually Is
It's simple. One token equals one Kyrgyzstani som (about $0.011). Built on BNB Chain. Backed by reserves in local banks. The president himself announced it. That's rare.
Here's what matters:
Launched December 2025Trading volume: around $100K dailyOnly 535 holders so farZero public reserve audits
Compare that to USDC. Monthly attestations. Transparent reserves. Circle's reputation on the line. $KGST ? We're supposed to trust licensed banks we can't verify.
Why This Could Work
Let me be real. Kyrgyzstan gets 30% of GDP from remittances. Workers abroad send money home. Banks charge crazy fees. Western Union takes cut. Crypto fixes this.
National stablecoins solve actual problems:
Lower transfer costs (pennies vs dollars)Faster settlement (minutes vs days)Government backing adds trust for normiesNo exchange rate gambling
I lived through hyperinflation scares. Having stable digital option matters. If your local currency crashes, you're stuck. A government-backed stablecoin gives an escape route while keeping things legal.
The Ugly Truth About Centralization
But (big but)—this is where i split from the hype. We came to crypto for freedom. National stablecoins are surveillance coins.
Every transaction tracked. Government can freeze your wallet anytime. They mint, they burn, they control supply. One political crisis and your "stable" coin becomes worthless paper.
$$KGST as no GitHub. No public audit. Team? Unknown. Just trust us, they say. I don't trust easily anymore. Lost too much that way.
Central Asia's crypto laws change fast. Today its legal, tomorrow it's banned. Remember Kazakhstan's mining crackdown? Same region, same risks.
What You Should Do Now
Hunt for reserve proof—even a partial audit beats blind faith.
Check if your country's planning one (EU and China already testing).
Keep max 5% portfolio in any national stablecoin—treat it like play money.
Watch holder growth—535 people isn't adoption, it's a beta test.
Compare fees against USDT/USDC before switching—novelty costs extra sometimes.
So yeah, national #Stablecoins fill a gap. Remittances need fixing. But giving governments full control? That's the opposite of why crypto exists. Use them for utility, not as your savings account. We've seen too many backed by reserves promises turn into exit scams—government or not.
Think your country should launch one, or is this just fiat with extra steps?
#Write2Earn #CryptoRegulationBattle #BNBChain #defi

📅 November 20 | United States
A powerful coalition of blockchain companies, technology associations, and Web3 ecosystem organizations is demanding that President Donald Trump take an unprecedented step: directly ordering federal agencies to unblock—immediately—stalled tax regulations that have been blocked for years, stifling innovation and leaving millions of taxpayers without legal clarity.

📖The Proof of Stake Alliance (POSA), along with other crypto sector organizations, formally requested that Donald Trump use his executive authority to instruct key federal agencies, such as the Department of the Treasury and the IRS, to expedite and unblock a series of regulatory guidelines on taxes applied to digital assets.
The request is not arbitrary: several of these regulations have been on hold for years, some since 2019 and others since 2021, without updates or with drafts that were never published. In the letter, POSA warns that this lack of clarity “creates massive legal uncertainty”, affecting both companies and users who do not know how to declare income from activities such as staking, validation on PoS networks, or complex transactions in the DeFi ecosystem.
One of the most sensitive points is the guide on cryptocurrency staking, an activity that has grown explosively in recent years. For some time now, the industry has been claiming that the IRS has not defined whether rewards should be taxed at the time of token creation, at the time of sale, or under a hybrid model. This lack of regulation means that each exchange, custodian, or user adopts different interpretations, exposing themselves to audits, sanctions, or litigation.
The coalition is also demanding an update on the tax treatment of the so-called “broker rules”, which seek to impose reporting obligations on crypto platforms. In their current form, the regulations could encompass developers, miners, and validators, who—according to POSA—should not be considered brokers. The industry fears that if these rules move forward without adjustments, they could penalize actors who have no control over user transactions.

Topic Opinion:
I believe the pressure is legitimate: without clear rules, users are left vulnerable, and companies operate in a limbo that stifles innovation. If Donald Trump truly wants to position the United States as a technological leader, now is the time to act decisively. Regulatory education is as important as financial education, and only with a transparent framework is it possible to build a solid, secure, and competitive ecosystem.
💬 Are you concerned about the lack of tax clarity in the sector?

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