Vietnam Plans to Regulate Digital Currencies After Commissioning a Crypto Research Group
Vietnam is treading waters into the cryptocurrency industry, as the government recently commissioned a research group for the purpose. The Vietnamese Ministry of Finance is conducting an in-depth study of cryptocurrencies for regulation purposes.
One Million Vietnamese Are Reportedly Crypto Users
According to ASEAN Briefing, the ministry seeks to gather enough data to clearly see how a regulatory process can be made in the country. The research comes in the wake of virtual currencies booming globally in terms of popularity, says the announcement.
The government believes there is an estimated one million Vietnamese already using digital assets, and the expectations are bullish with a 30-fold increase by 2030.