Vietnam Becomes Latest Country to Turn to Crypto

[bryant.coleman]

He's probably right. The future is clear and there's no doubt that digital currency will grow. The earlier you adopt the earlier you succeed with this adoption and your country will probably have an edge compare to those who don't use this technology.

I don't find anything positive out of his statement. The digital currency he is referring here is the digital version of fiat, and not cryptocurrencies such as Bitcoin or Ethereum. They are already moving ahead with CBDC project (eCNY or digital Yuan). And at this point, they are turning increasingly hostile towards cryptocurrency, because they believe that Bitcon pose a challenge to eCNY. Anyway, it is too much to expect that an authoritarian country such as China would take conciliatory stance towards decentralized cryptocurrency.

[1715011023]

1715011023

[bonghip]

Good news, they've banned it once and now they've turned into adopting it. This is why if most countries don't have a taste of bitcoin, they will likely not understand it and end up banning it. But since they've opened the idea of learning about it, here they are, making their own crypto and this is also a signal that bitcoin and other cryptocurrencies are welcome there. And with this news, it's likely that Vietnam can also be one of the crypto havens in Asia. It is going to welcome a lot of crypto startups if they want to have another base somewhere in Asia.

I am Vietnamese. Our country does not ban cryptocurrencies but has never allowed its use either. So people can still use cryptocurrencies but will not be protected. I have read this news, but really it still doesn't see any progress. In the future, coding will definitely be accepted. In the future, cryptocurrencies will definitely be widely accepted and used

[Yatsan]

It is a really good news indeed for the fact that this past few months, those countries that have their first impression and stand against crypto is now turning it down and have been widely accepting it into their country already. This is not just a good news for the people who are really wanting to get along with crypto but is just getting restricted by banning of it in their place. Now that Vietnam have already accepted it, then more people will surely get interested about it and this will gradually increase the popularity of cryptocurrencies even more. Good thing that the Prime Minister of Vietnam have think about it and a great decision have been made with regards to cryptocurrency.