Main navigation

Vietnam Becomes Latest Country to Turn to Crypto

Advertisement
Sun, 4/07/2021 - 18:02
Vietnam Becomes Latest Country to Turn to Crypto
Cover image via stock.adobe.com
Read U.TODAY on
Google News

According to a July 4 report by The Phnom Penh Post, Vietnamese Prime Minister Pham Minh Chinh asked the country’s central bank to pilot a blockchain-based cryptocurrency over the next two years.

The initiative is part of the PM’s e-Government development strategy.

Chinh—the 62-year-old leader of the country’s leading Communist Party—believes that digital money is “an inventible trend.” Apart from crypto, Vietnam will also focus on implementing such cutting-edge technologies as big data, artificial intelligence, and augmented reality.

Related
In May, Vietnam’s Ministry of Finance created a research group tasked with studying cryptocurrency regulations.

Vietnam imposed a ban on Bitcoin payments all the way back in 2017.

@u.today

##Vietnam 's central bank is to pilot a blockchain-based ##cryptocurrency over the next 2 years ##crypto ##cryptonews ##CBDC ##cryptoregulations

♬ original sound - U.Today

Related articles

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Recommended articles

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD