approved by Vietnamese Prime Minister on the plan may see that the country will formally recognize bitcoin as a form of payment by the year 2018. According to the agency regional news "VNA" that Prime Minister Nguyen Xuan Phuc Central Bank of Vietnam and the Finance Ministry and the Ministry of Public Safety tasked with developing a legal framework About these hidden digital coins. It is also planned to conclude a forecast of how the government will start implementing this process by August next year. Once this is done, it is expected that the legal documentation required for electronic currency recognition will be finalized in an organizational framework by the end of 2018.
However, officials will also begin to work on electronic transaction tax. According to VNA, the system governing how to tax users of electronic currencies in Vietnam is set to be in place by June 2019. If approved, this move suggests that leaders in Vietnam are moving away from their destination The most cautious consideration was expressed in 2014, when central bank officials warned users of the risks of electronic currencies.
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