Vietnam is ready to legally recognize the currency of the bitcoin and other electronic currencies

The Vietnamese prime minister has agreed to a plan that would see the country formally recognize Tibetans as a form of payment by 2018. Prime Minister Nguyen Chuan Fuk has instructed the Vietnamese central bank, the Ministry of Finance and the Ministry of Public Safety to establish a legal framework for these currencies, The hidden digital. It is also planned to conclude a forecast of how the government will start implementing this process by August next year. Once this is done, it is expected that the legal documents required for electronic currency recognition will be finalized in an organizational framework by the end of 2018.

However, officials will also begin to work on electronic transaction tax. According to VNA, the system governing how to tax e-currency users in Vietnam is due to be in place by June 2019. If approved, this move indicates that leaders in Vietnam are moving away The most cautious consideration was expressed in 2014, when central bank officials warned users of the risks of electronic currencies.