VOV.VN - Vietnam is identified by Binance as a key market and a crucial link in its global digital asset development strategy, said Binance CEI Richard Teng at a forum on digital assets held in Ho Chi Minh City on July 15.

The Ministry of Finance has submitted to the Government a draft decree on implementing a pilot programme for the issuing and trading of digital assets.

The State Securities Commission of Vietnam (SSC) and Monetary Authority of Singapore (MAS) on March 12 agreed to cooperate in safeguarding the integrity and stability of the countries’ capital markets, while fostering their connectivity.

VOV.VN - Vietnam will pilot the establishment of a cryptocurrency exchange as part of its efforts to develop and manage the digital currency market in an organized manner, said Deputy Minister of Finance Nguyen Duc Chi at a government press conference in Hanoi on March 5.

Authorities with potential responsibility for digital assets are stepping up moves for the development of a legal corridor where they will be covered.

Building legal frameworks for digital assets is an urgent need to effectively manage this expanding market, according to experts.

The rapid development of digital assets, especially blockchain–based ones, and the emergence of new business models have posed unprecedented issues to policymakers around the world on how to ensure their proper development.

Encouraged by the great success of Axie Infinity, Vietnamese startups are becoming increasingly self-confident in entering choosy markets.

The Vietnam Blockchain Union (VBU) will hold the first congress in mid-May, aiming to establish an organisation to connect the technology business community and provide consultancy to related agencies to develop policies and legal frameworks on technology, digital assets, and currencies.