VIETNAM AGAIN CONSIDERS LEGALIZING BITCOIN

[verita1]

Despite the fact that Vietnam has banned bitcoin as a means of payment in 2018. For the Vietnamese, today's scenario is different, there is more optimism about bitcoin, governments are including bitcoin as a means of payment to pay taxes.
The good thing is that in the country, according to statistics, there is a 41% of Vietnamese holding crypto, one of the highest figures around the world. Having a good understanding of the legislators, it could happen that bitcoin will occupy more spaces.
Sometimes I think that legislators do not have good advisors in crypto so that the technology is well accepted or the power of centralism is superior to any technological advance that makes bitcoin possible.

[Oceat]

Despite the fact that Vietnam has banned bitcoin as a means of payment in 2018. For the Vietnamese, today's scenario is different, there is more optimism about bitcoin, governments are including bitcoin as a means of payment to pay taxes.
The good thing is that in the country, according to statistics, there is a 41% of Vietnamese holding crypto, one of the highest figures around the world. Having a good understanding of the legislators, it could happen that bitcoin will occupy more spaces.
Sometimes I think that legislators do not have good advisors in crypto so that the technology is well accepted or the power of centralism is superior to any technological advance that makes bitcoin possible.

Maybe their government know more about Bitcoin instead of just randomly banning it without the proper knowledge. Well, what's happening to them right now might boost the price and finally they learn what to do with Bitcoin users might as well consider the crypto users.

It's best to always do your own research and not just assuming everything as what you heard or to someone when the truth is they just want to get rid of Bitcoin because of its decentralized characteristic. But if they think that it's not helpful since no one can control Bitcoin they might change their decision again.

[henmark]

When the USA and the UK and all the other super powers of the world, now along with Russia which looked at bitcoin as a bad thing only a year ago, but as a savior right now, accepts bitcoin as the reality of the world, what Vietnam doing right now is not just considering bitcoin, but realizing they can't stop it. It is not something you could simply ban and hope that everyone would follow your ban.

The whole world has "do not cross at a red light" but there are people who do, we have "do not kill" but people still do. Laws are broken everyday and usually to do something horrible, this would be breaking the law AND doing something good, it is very hard to put a law like that in any nation of the world. Vietnam knows this and has a hard time about it.

[BITCOIN4X]

I was also thinking a lot of possibilities too that bitcoin will become one of the digital assets used for transactions globally and with the usecase and the worth of this digital currency I would not doubt that one day will come we all gonna see this coming true in reality. Now compare before, we heard a lot of information and speculations that this country is considering to legally adopt bitcoin for me I now see a great future a head of us as investors and traders not just for the whole crypto platform alone.

Of course it would be great if adoption did materialize, but so far I'm just sure that they are likely to regulate it instead of adopting it as a currency. But this news will also be quite good for crypto as it will let more Vietnamese people know about the existence of bitcoin.

Besides China, I think many Asian countries support bitcoin even though they only regulate it as a tradable asset because the government doesn't legalize it as a means of payment. I don't mind though I also want to use bitcoin as a legal currency.

[Gyfts]

   For some time now, Vietnam has had a decisive conflict to allow the use of Bitcoin in its territory, authorizing and disavowing it; however, the possibility that the latter is definitively legalized throughout the country has not yet been ruled out, which is why the Deputy Prime Minister, Le Minh Khai, asked the Ministry of Finance to consider re-examining how profitable the incorporation of this digital asset and proposed to build a legal framework for the crypto market; According to Vietnam Net, "the Ministry of Finance would work together with the Ministry of Justice, Information and Communications and the State Bank of Vietnam to develop a regulatory framework for the digital asset market", together they would analyze the pros and cons,  addition of its effect in the economy, to provide greater stability.

What are the chances that the Vietnamese authorities, by making this decision, will not change
 opinion again?

It's strange that these countries banned it in the first place, but I guess authoritarian governments like to aim for complete control - or at least the illusion of it. The countries that do best economically tend to be at the cutting edge of technology and who have politicians that are able to comprehend a sensible light touch regulation environment. Countries like Vietnam potentially missed out on being a base for new cryptocurrency related countries by outright banning it early on, at least now they're seeing it was a foolish idea. There's a lot more potential for them to make money this way, even if it's just lazily collecting taxes from transaction fees from local companies and users.

Problem lies with most politicians not recognizing the usage of crypto currency within their economies. They don't like the idea of having a competitor to their own currency, and so of course the central banks reject these sort of proposals. Central banks and government work in tandem with one another and wouldn't allow it.

It's also probably true most politicians don't understand crypto currency, and the knee-jerk repulsion is done out of pure ignorance.

[UyenKyAnh]

   For some time now, Vietnam has had a decisive conflict to allow the use of Bitcoin in its territory, authorizing and disavowing it; however, the possibility that the latter is definitively legalized throughout the country has not yet been ruled out, which is why the Deputy Prime Minister, Le Minh Khai, asked the Ministry of Finance to consider re-examining how profitable the incorporation of this digital asset and proposed to build a legal framework for the crypto market; According to Vietnam Net, "the Ministry of Finance would work together with the Ministry of Justice, Information and Communications and the State Bank of Vietnam to develop a regulatory framework for the digital asset market", together they would analyze the pros and cons,  addition of its effect in the economy, to provide greater stability.

What are the chances that the Vietnamese authorities, by making this decision, will not change
 opinion again?


https://i.imgur.com/jozfjz2.jpg

FUENTE: https://cointelegraph.com/news/vietnamese-deputy-pm-calls-for-building-legal-framework-for-digital-assets

Vietnam is a tourist country, life is colorful, so the encrypted world is very suitable for Vietnam, looking forward to this day.

[asus09]

Vietnam is considering the legalization of bitcoin, finally Vietnam throws away their ego, and will legalize bitcoin in their country, although it is never too late to enter the crypto world but at least Vietnam has thrown away the opportunity that is in front of its eyes, other countries have several times reaped the rewards of it. crypto currency while Vietnam is just planning to legalize bitcoin, hopefully other countries are also aware of the benefits we get from crypto currency.