The e-government development strategy for Vietnam in the timeframe of 2021 to 2025, with a perspective extending to 2030, received approval from the Prime Minister of Vietnam. The responsibility for in-depth exploration and creation of a blockchain-based cryptocurrency development and management framework from 2021 to 2023, for experimental purposes, was entrusted to the State Bank of Vietnam (SBV).
In earlier instances, the Ministry of Finance communicated its formation of a dedicated task force focused on virtual assets and cryptocurrencies. The primary objective of this task force is to conduct thorough research and propose effective regulatory measures.
Furthermore, SORAMITSU has been engaged to carry out a feasibility assessment concerning the potential introduction of central bank digital currencies (CBDCs) in Vietnam. The study aims to gauge the requirements of stakeholders and evaluate the viability of implementing CBDCs.
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