Legal Updates from some of our members

6 Jun 2023

Are Cryptocurrencies Considered Assets under Vietnamese Laws? Insights from Interpretations of the Authorities and Courts

Key Takeaways:

▪ Vietnamese laws are currently silent on whether digital assets including cryptocurrencies are lawful assets.
▪ Authorities express their own views on the legality of cryptocurrencies and their related transactions.
▪ Court judgments also differ, adding more obscurity to the status of cryptocurrencies.
▪ Investors should be cautious in engaging in digital asset-related transactions in Vietnam.

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