The National Bank of Vietnam is developing a new decree to regulate cryptocurrencies

The National Bank of Vietnam (SBV) is developing a new decree to regulate cryptocurrencies. According to the drafting agency, the cryptocurrency is not a new currency, but rather a legal currency in the form of a tool or payment method for payment transactions. In order to keep up with the development of payment products, the drafting agency stated that it is necessary to clarify the cryptocurrency, synchronize laws and regulations, develop payment products in the form of cryptocurrency, and promote the development of e-commerce.