Vietnam: Legal framework needed to better manage cryptocurrency market

The number of investors in cryptocurrencies such as Bitcoin has been increasing in Vietnam recently. - AFP/VNA

HANOI (Vietnam News/ANN): A delay in issuing official legal regulations on managing cryptocurrencies will cause a rise in the risks of fraud and theft related to virtual assets, experts have warned.

Recently, investment in cryptocurrencies such as Bitcoin, Pi Network, Ripple, Bitcoin Cash and Litecoin has increased in Vietnam. It is estimated 1 million Vietnamese are already trading cryptocurrencies and the number is expected to increase 30 times by 2030.