The government of Vietnam has taken steps to accelerate the adoption of cryptocurrency regulation that will affect Bitcoin. The executive power in Hanoi has insisted that the framework should be ready by the end of January. Amendments to the tax code are expected to help tap into proceeds from “virtual property and digital money”.
Indochina Catching Up
The new impetus was given by a high-ranking government official who insisted on hastening the legal process. Deputy Prime Minister Vuong Dinh Hue has asked the Ministry of Justice and the State Bank to quickly complete the legal framework and report to the government. According to Vietnamese media, the documents should be presented to the Council of ministers by the end of the month.
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