Vietnam joins the ranks of global digital currency development

Vietnam is catching up in the global race to develop its own digital currency, and experts believe this will not only help the country develop new technologies, but also provide an opportunity for Vietnam to join more technologically advanced countries. Strategy for the development of e-government towards digital government in the period 202 125. In a resolution of June 15, the State Bank of Vietnam (SBV) is commissioned to investigate the pilot use of “virtual money” based on blockchain technology in the next three years. This is a notable change in government policy given that Vietnam has not yet recognized cryptocurrencies. So far, the central bank has repeatedly emphasized that owning and trading in Bitcoin and other cryptocurrencies is risky for investors because these currencies are not protected by law.