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Vietnam Makes History: Groundbreaking Crypto Asset Legalization Passes

Vietnam Makes History: Groundbreaking Crypto Asset Legalization Passes

Author:
CoindeskEN
Published:
2025-06-16 09:15:45
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Vietnam Passes Landmark Law Recognizing Crypto Assets

Vietnam just flipped the script on digital finance—hard. The National Assembly slammed through Southeast Asia''s most progressive crypto recognition law today, putting legacy banks on notice.

No more regulatory limbo

The legislation carves out clear legal status for Bitcoin, stablecoins, and tokenized assets. Suddenly that ''risky'' crypto portfolio looks like compliant collateral.

Market moonshot incoming?

Local exchanges reported 300% traffic spikes within hours of the vote. Meanwhile, traditional finance execs are scrambling to explain why they called blockchain a ''fad'' back in 2023.

One cynical footnote: Watch how fast the same institutions that lobbied against crypto now launch ''blockchain innovation desks.'' Banking''s hypocrisy game remains undefeated.

|Square

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