The Vietnam Bluchin Association hopes to protect the draft law with digital assets

The framework of legalizing the proposed digital assets in Vietnam has the ability to reduce fraud in the country’s encryption space as soon as it passes.

This is the position of president of the Vietnam Blwchin Van ứC Trong, who revealed in an interview with Vietnam News The association recently received reports of $ 100 million coding, targeting Vietnamese investors. According to Trung, criminals continue to escape accountability in Vietnam because of the “political gray areas” in the country regarding the legal status of cryptocurrencies and digital assets.

On October 22, Vietnam Firing A national national strategy with the declared goal of placing the country as a leading company in Blockchain technology throughout Asia by 2030. Exploitation.

Vietnamese citizens are among the most active investors in Asia, with Blockchain capital flows at $ 105 billion for 2023-2024. About 17 million Vietnamese people use cryptocurrencies, and collectively obtained $ 1.2 billion of profits of encryption investments in 2023 – which raises a third in the world behind the United States and the United Kingdom despite these impressive personalities, Tongj argues that lack Organizational clarity allows bad actors to work through entities registered in the judicial states abroad, which makes implementation difficult.

In December, the police in Hanoi Arrest Eight suspects involved in a fraud to invest in encryption that sold fake symbols to the victims, eventually ignoring them for more than a million dollars. A few days later in Dong Nai province, 4 were suspects Arrest By the police after the fraud of more than $ 150,000 victims in the coding mining fraud that attracted the victims to purchase an inevitable micoin called “BINCOIN”.

According to Trung, the draft law, which was initially defined for traffic in the second quarter of 2025, will create a legal framework for consumer protection and conflict resolution while addressing issues such as money laundering and illegal financial flows currently associated with the cryptocurrency in Vietnam.