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Vietnam Ministry of Justice Reiterate Crypto Go-Ahead, Legal Clarity Needed

source-logo  coingape.com 13 April 2024 17:40, UTC

Cryptocurrency operates within a unique regulatory landscape in Vietnam, where it remains unrestricted by explicit bans but operates without a formal legal framework. This absence of clear regulations exposes the industry to significant risks, particularly in terms of money laundering and illicit appropriation. Despite its legal ambiguity, cryptocurrency transactions continue to occur, highlighting the need for regulatory clarity to ensure investor protection and financial integrity.