Vietnam is treading waters into the cryptocurrency industry, as the government recently commissioned a research group for the purpose. The Vietnamese Ministry of Finance is conducting an in-depth study of cryptocurrencies for regulation purposes. One Million Vietnamese Are Reportedly Crypto Users According to ASEAN Briefing , the ministry seeks to gather enough data to clearly see how a regulatory process can be made in the country. The research comes in the wake of virtual currencies booming globally in terms of popularity, says the announcement. The government believes there is an estimated one million Vietnamese already using digital assets, and the expectations are bullish with a 30-fold increase by 2030. Vietnam is also witnessing increasing cashless solutions for payments, such as QR codes, e-wallets, and mobile apps. Such technology adoption was boosted after the government’s pushing via the prime minister since 2017, who was expecting to reduce cash transactions by 90% in ...
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