7/5/2021 2:16:50 AM GMT
Vietnam’s central bank will pilot a cryptocurrency implementation program within the next two years.
The government aims to explore the advantages and pitfalls of virtual assets while developing an appropriate management mechanism.
The recognition of digital currencies by the central bank could help accelerate increasing cashless payments in the country.
Vietnam’s Prime Minister has requested that the country’s central bank pilot a blockchain-based cryptocurrency over the next two years as a part of the e-government development strategy.
Cryptocurrencies to support the rise of cashless payments
Pham Minh Chinh, the Prime Minister of Vietnam, believes that digital currency is an “inevitable trend.” The country’s leader asked the State Bank of Vietnam (SBV) to pilot cryptocurrency implementation from 2021 until 2023.
Prime Minister of Vietnam Asks Central Bank to Pilot Digital Currency – Regulation Bitcoin News bitcoin.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bitcoin.com Daily Mail and Mail on Sunday newspapers.
Friday, July 02, 2021, 09:01 GMT+7
Containers of AstraZeneca vaccine shots are pictured at Tan Son Nhat International Airport in Ho Chi Minh City, July 2, 2021. Photo: C.Trinh / Tuoi Tre
What you need to know in Vietnam today:
COVID-19 Updates Vietnam reported 147 local infections on Friday morning, including 118 in Ho Chi Minh City. The nation has detected 15,905 domestic cases and 1,822 imported infections since early last year. Recoveries have reached 7,247 while 81 virus-related deaths have been recorded so far. Vietnamese Prime Minister Pham Minh Chinh held telephone talks on Thursday with Cuban Prime Minister Manuel Marrero Cruz on COVID-19 prevention and potential vaccine production cooperation.
Vietnam resolved to deepen friendship, multifaceted cooperation with Cuba: PM baobinhthuan.com.vn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from baobinhthuan.com.vn Daily Mail and Mail on Sunday newspapers.