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.
Vietnam imposed a ban on Bitcoin payments all the way back in 2017.
Advertisement
Macron Sounds Alarm on U.S. Crypto Deregulation
Morning Crypto Report: Is Shiba Inu (SHIB) a Coin to Hold in December? XRP Refuses to Lose $2 Amid Extreme Fear, Bitcoin Is Inch Away From Santa Rally: Bollinger Bands
XRP Scores Yet Another Prominent Supporter
Crypto Market Prediction: XRP's Last Chance Before $1, Another Bitcoin (BTC) Wave to Set $100,000 in Stone, Shiba Inu (SHIB) Comeback to the Bottom is Possible
@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

Dan Burgin
Vladislav Sopov
U.Today Editorial Team