There is no legal framework for the oversight of the cryptocurrency sector in Vietnam. The government launched a series of investigations and assessments into probable regulations in a bid to oversee the field. This would mean consideration for surveillance measures, governance techniques, and taxation policies allied with the activities that make cryptocurrencies more transparent and accountable.Currently, cryptocurrencies are not taxed in Vietnam, which has made it see massive digital currency adoption. This no-tax policy also comes with very minimal protection under the law for persons involved in crypto transactions. Observing this shortage, the Vietnamese government itself is committed to the establishment of proper guidelines and regulations concerning the use of cryptocurrencies, including related aspects of taxation. In this respect, crypto users and investors in Vietnam need to be updated regarding the changing regulations affecting the tax environment.
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