According to ChainCatcher, the Ministry of Finance’s draft involves two proposed laws that will regulate cryptocurrency mining and digital currency settlements under an experimental legal framework. The Ministry of Finance proposes to allow all foreign economic activity (FEA) participants to use digital assets for settlement under general regulations, which would require them to be considered as monetary value.

As a pilot measure, the proposal allows only exchanges and platforms listed in the official register to trade cryptocurrencies, treating them as commodities. The document does not specify the criteria for classifying these investors. In essence, the ministry wants the authorities to approve all FEA participants for digital currency settlements.