Legal framework for crypto assets to be finalised next year

The action plan is among 17 programmes the Vietnamese government is undertaking to prevent and combat money laundering. — Vietnam News

HANOI: The government has assigned the Finance Ministry to research and develop a legal framework to ban or regulate crypto assets in May 2025 with an aim to combat money laundering.

The direction is under the government decision 194/QD-TTg dated Feb 23, which promulgates the national action plan to implement the Vietnamese government’s commitments on preventing and combatting money laundering, terrorist financing, and financing for the proliferation of mass destruction weapons.