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Crypto alarm in Vietnam: Experts warn of strict regulations!
On May 20, 2025, the article highlights the increasing interest in cryptocurrencies in Vietnam and the challenges of regulation.
Crypto alarm in Vietnam: Experts warn of strict regulations!
In Vietnam, young people's interest in crypto assets has increased significantly in recent years. However, this growing interest is seen as critical by experts, especially in relation to the new regulations proposed by the country's Ministry of Finance. Experts warn of the challenges in implementing these regulations due to the lack of a clear legal definition, tax mechanism and insurance coverage for cryptocurrencies. These uncertainties could potentially have a negative impact on the market, with hefty fines of up to VND2 billion for violations that could include crypto. Vietnam.vn reports that…
Insider trading and unlicensed services are among other key issues investors are concerned about. A crypto forum administrator expressed confusion over the punishment of cryptocurrencies that have so far operated without legal recognition. Additionally, investors are demanding greater clarity on market distortions and the role of market makers to maintain market integrity.
Regulatory challenges and initiatives
Cryptocurrency regulation has grown exponentially since Bitcoin was introduced in 2009 and is now a global issue. Regulatory authorities in different countries are working on specific guidelines to meet the needs of the market. Experts are looking at a flexible legal framework that takes into account the unique properties of cryptocurrencies. This development is necessary to protect investors while promoting an innovative economy. Krypto-wissen.de highlights that…
Some experts, such as Mr Phan Phuong Nam, emphasize the need for clear regulations to protect investor interests. At the same time, Mr. Dang Tran Phuc calls for an attractive system to be created for the recovery of crypto assets to Vietnam in order to keep investors in the country and prevent migration to countries with more favorable regulations, such as Singapore or Dubai.
Global perspectives on regulation
Regulatory approaches vary widely around the world. In the USA, for example, the SEC and the CFTC are formulating guidelines for the classification of cryptocurrencies, while the EU is planning a uniform legal framework with the MiCA law. In Asia, countries such as Japan and South Korea have implemented extensive regulations, while China is severely restricting trade. These different approaches mean that innovative companies and promising start-ups have better opportunities in countries with more advantageous framework conditions.
In addition to securing tax revenues, protecting investors and market stability, issues such as anti-money laundering and consumer protection are also of central importance. Therefore, international cooperation is seen as essential for the future regulation of cryptocurrencies. Forecasts for 2025 suggest uniformity in regulation and integrated compliance requirements to address the increasing challenges in the digital currency space.