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Forget dodging motorbikes in Hanoi, the hottest wheels in Vietnam right now are digital – and they're powered by cryptocurrency. That's right, Vietnam just declared crypto isn't banned, but they're putting training wheels on this wild ride.
Here's the scoop: the Vietnamese government is giving a thumbs up to crypto, but with a "hold on a minute" attached. They see the massive potential – Vietnam ranked third in the world for crypto earnings last year, raking in a cool $1.18 billion (that's more than a bowl of pho, for sure!). However, they also want to make sure things run smoothly and don't turn into a shady money laundering operation.
So, what's the plan? The government's got the State Bank of Vietnam studying crypto like a professor cramming for finals. Meanwhile, the Ministry of Finance is crafting a rulebook by May 2025 to keep things fair and safe for everyone involved.
This is a game-changer for Southeast Asia's crypto scene. Vietnam's embrace of crypto with regulations paves the way for a more secure and exciting future for digital currencies. Buckle up, crypto enthusiasts – the road ahead in Vietnam looks smooth sailing!
#cryptocurrency #vietnam #Vietnamese
Here's the scoop: the Vietnamese government is giving a thumbs up to crypto, but with a "hold on a minute" attached. They see the massive potential – Vietnam ranked third in the world for crypto earnings last year, raking in a cool $1.18 billion (that's more than a bowl of pho, for sure!). However, they also want to make sure things run smoothly and don't turn into a shady money laundering operation.
So, what's the plan? The government's got the State Bank of Vietnam studying crypto like a professor cramming for finals. Meanwhile, the Ministry of Finance is crafting a rulebook by May 2025 to keep things fair and safe for everyone involved.
This is a game-changer for Southeast Asia's crypto scene. Vietnam's embrace of crypto with regulations paves the way for a more secure and exciting future for digital currencies. Buckle up, crypto enthusiasts – the road ahead in Vietnam looks smooth sailing!
#cryptocurrency #vietnam #Vietnamese
⚠️"Attention "
Ethereum, the second-largest cryptocurrency based on market capitalization, has exceeded the $3,000 mark for the first time since April 2022.
💯This increase is linked to a bullish breakout from an ascending triangle pattern identified on the weekly chart in December 2023.
🧛Despite its gradual upward movement, the formation of the ascending triangle suggests a potential future target of $3,500 for Ethereum. The rise is partly driven by optimism surrounding the potential approval of a spot Ethereum ETF in the United States, fueling speculation and potentially pushing its value higher.
🙋Investors interpret Ethereum's performance as a positive signal, indicating the cryptocurrency's strength and potential for further gains.
🐒As Ethereum progresses through this bullish phase, the market remains attentive for signs of sustained growth and the potential realization of its $3,500 target valuation.
#Write2Earn #TrendingTopic #Ethereum(ETH) #Vietnamese $ETH
Ethereum, the second-largest cryptocurrency based on market capitalization, has exceeded the $3,000 mark for the first time since April 2022.
💯This increase is linked to a bullish breakout from an ascending triangle pattern identified on the weekly chart in December 2023.
🧛Despite its gradual upward movement, the formation of the ascending triangle suggests a potential future target of $3,500 for Ethereum. The rise is partly driven by optimism surrounding the potential approval of a spot Ethereum ETF in the United States, fueling speculation and potentially pushing its value higher.
🙋Investors interpret Ethereum's performance as a positive signal, indicating the cryptocurrency's strength and potential for further gains.
🐒As Ethereum progresses through this bullish phase, the market remains attentive for signs of sustained growth and the potential realization of its $3,500 target valuation.
#Write2Earn #TrendingTopic #Ethereum(ETH) #Vietnamese $ETH
Vietnam unveils strategy for blockchain development
The #Vietnamese government has approved a new National Strategy. It deals with the application and development of blockchain technologies until 2025 with a perspective until 2030. According to the decree signed by Prime Minister Ho Duc Phoc, this is the key direction of the 4th industrial revolution. The main focus is on developing a robust digital infrastructure that will ensure data security and create conditions for the country's economy to grow.
As part of the strategy, by 2030, Vietnam aims to become a leader in the region in blockchain technology research and adoption. Among the ambitious goals are to create 20 reputable blockchain-based brands and maintain a minimum of 3 testing centers in the country's largest cities. Importantly, the plan also calls for Vietnamese institutions to be among the top 10 blockchain-related education and research institutions in Asia.
To achieve the goals, the government has developed a 5-year plan that includes improving the legal framework, building infrastructure for the blockchain ecosystem, developing human resources and international cooperation. Various ministries will participate in the implementation of the program.
These include the Ministry of Information and Communications, the Ministry of Education and Science, and the Committee of Cryptographic Technologies, which emphasizes the inter-ministerial nature of the project.
The Vietnam Blockchain Association (VBA) has a special role to play in the development of the blockchain industry, which will promote platforms and solutions created domestically. The organization plans to attract local technology companies, encourage information sharing and strengthen international competition. According to Phan Duc Trung, vice chairman of the VBA, the strategy will be an important step in building a transparent, secure and sustainable digital economy, which is in line with the government's long-term goals.
#USJoblessClaimsDip
As part of the strategy, by 2030, Vietnam aims to become a leader in the region in blockchain technology research and adoption. Among the ambitious goals are to create 20 reputable blockchain-based brands and maintain a minimum of 3 testing centers in the country's largest cities. Importantly, the plan also calls for Vietnamese institutions to be among the top 10 blockchain-related education and research institutions in Asia.
To achieve the goals, the government has developed a 5-year plan that includes improving the legal framework, building infrastructure for the blockchain ecosystem, developing human resources and international cooperation. Various ministries will participate in the implementation of the program.
These include the Ministry of Information and Communications, the Ministry of Education and Science, and the Committee of Cryptographic Technologies, which emphasizes the inter-ministerial nature of the project.
The Vietnam Blockchain Association (VBA) has a special role to play in the development of the blockchain industry, which will promote platforms and solutions created domestically. The organization plans to attract local technology companies, encourage information sharing and strengthen international competition. According to Phan Duc Trung, vice chairman of the VBA, the strategy will be an important step in building a transparent, secure and sustainable digital economy, which is in line with the government's long-term goals.
#USJoblessClaimsDip