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Official Gazette

Tuesday, February 25, 2020
Tags: cryptocurrency
Government decree drafted to protect personal data Government decree drafted to protect personal data
The ministry said that new services using personal information, such as online payments, e-commerce, games, cryptocurrency trading and multi-level businesses, have raised issues related to national security and social order and safety.
Fundraising through new channels - opportunities and legal challenges Fundraising through new channels - opportunities and legal challenges
The Fourth Industrial Revolution helps create new products and services as well as business models in an open atmosphere without any distance between the reality and cyber space. However, Vietnam’s existing legal framework still fails to meet the demand for realizing these products, services and models. It is not yet mature for the application of novel forms of raising funds from angel investors or venture investment funds. So far, there is no legal corridor for innovative startups, particularly fintech ones. This article introduces new fundraising channels and their legal challenges and puts forward recommendations for formulating a regulatory sandbox applicable to these channels.
The core value of the judiciary is to deliver justice for all The core value of the judiciary is to deliver justice for all
Chief Justice of the Supreme People’s Court Nguyen Hoa Binh last month attended an international conference entitled “Judicial Excellence in Response to Today’s Challenges” in Bangkok, Thailand. Vietnam Law and Legal Forum would like to publish his speech delivered at this event, which highlights the recent endeavors of Vietnam’s court system to deliver court excellence as well as future policies for reform.
Cryptocurrencies to be strictly managed Cryptocurrencies to be strictly managed
To minimize risks of using cryptocurrencies for crimes, such as money laundering, terrorist financing, illegal transfer of money, tax evasion and trade fraud, the Prime Minister on April 11 issued Directive 10/CT-TTg to enhance the management of activities related to Bitcoin and other cryptocurrencies.
Legality of cryptocurrencies in Vietnam remains unclear Legality of cryptocurrencies in Vietnam remains unclear
Bitcoin and other similar virtual currencies like ethereum, ripple and litecoin have become a hot topic among investors. But let’s set aside the worries and excitement and ask a question: are cryptocurrencies lawful in Vietnam?
Legal framework for management of cryptocurrency takes shape Legal framework for management of cryptocurrency takes shape
The PM has okayed a scheme on creation of a legal framework for management and handling of cryptocurrency and virtual property.
Decision No. 2545/QD-TTg Decision No. 2545/QD-TTg
approving the Scheme on development of non-cash payment in Vietnam during 2016-2020

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