Pham Minh Chinh, the prime minister of Vietnam, has reportedly said the country’s government should study crypto regulation in part based on residents continuing to trade digital assets despite their lack of legal recognition.
According to an Oct. 24 report from online news outlet VnExpress, Chinh hinted a bill on anti-money laundering, or AML, should recognize an amendment on virtual currencies given that “in fact people still trade” crypto in Vietnam. The prime minister’s comments suggested the Vietnamese government may consider crypto regulation to address its role in financial crimes.
“It is necessary to study appropriate sanctions, and assign the government to make detailed regulations,” reportedly said the prime minister.
The Vietnamese government largely does not recognize cryptocurrencies like Bitcoin (BTC) as a method of payments in the country, but allows tokens to reside in a seemingly legal gray area as…
