According to the State Securities Commission, the draft is focusing on building a legal framework that is broad enough to allow businesses and investors to participate in testing the issuance, trading, and exchange of crypto assets in a controlled environment.
The draft proposes to regulate crypto-asset transactions through cash flow and payment controls, in order to prevent money laundering and meet recommendations from the Financial Action Task Force (FATF) - especially when Vietnam is still on the organization's "gray list". If the legal framework is approved, Vietnam will have the opportunity to be removed from the international monitoring list and attract international capital flows into the domestic market.
Source: https://quangngaitv.vn/sap-ban-hanh-du-thao-nghi-quyet-thi-diem-tai-san-ma-hoa-6505752.html
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