After the PI Craze menu, it urges PM Vietnam for encryption regulations

Vietnam is now moving to determine the bases of encrypted currencies, with the madness of the PI menu increased. Prime Minister Fam Minh Cennis told the Ministry of Finance and State Bank, Vietnam, to reach a legal plan by March 2025.

According to the local Media reportsThe PM Chinh urged a clear set of coding regulations with an increasing number of citizens who use digital currencies such as Bitcoin and Ethereum, so the government wants to put clear guidelines in its place.

Currently, Vietnam does not treat cryptocurrencies as official money. Laws only deal with things like prepaid bank cards or online conservative linked to normal criticism. Because of this gap, a lot of Blockchain companies are created in places like Singapore or the United States but are still working in Vietnam. This means that the country misses taxes and fails for others.

The party’s Secretary -General in Lam has suggested that the “sand box” idea, which is a test, is mainly suggested that they can see digital asset trading without jumping simultaneously. The Ministry of Finance and the Ministry of Science and Technology until June 2025 have to finish writing the rules.

Vietnam is already great in the world of encryption. In 2021 and 2022, it was one of the three best countries for people who have digital currencies – 21 % of people were here. In 2023, a group called Chainalysis said that Vietnam dealt with $ 120 billion in encryption deals.

One of the interests of interest is the PI, although no one is sure if it is legally here. A lot of Vietnamese inhale it because it is free and hopes that it is worth it later. There was a meeting not long ago with a great turnout, but some experts say it is risky to betting on coins such bases.

Moreover, the Prime Minister told the State Bank to discover housing loans for people under the age of 35 and maintain fair loan rates to help the economy grow.

Vietnam is strongly paid for digital money. The next few months may change things for people who invest or manage companies here. It is not yet clear whether this will open the doors or close things.

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