Cryptocurrency and cryptocurrency management in Vietnam- The legal perspectives need to be considered

Abstract

On June 15, 2021, in Decision 942/QD-TTg, the Government assigned the State Bank of Vietnam to be the unit in charge of researching and piloting cryptocurrency based on blockchain technology (hereinafter referred to as cryptocurrency), the implementation period is from 2021 to 2023. According to the general trend, this type is expected to bring many advantages for payment activities compared to legal paper money, but it will certainly pose many challenges to the monetary policy of each country. Through the article, the authors focus on researching legal aspects of cryptocurrency and ryptocurrency management in the world and Vietnam, thereby making recommendations and suggestions to develop and improve the law on the management of cryptocurrency in Vietnam in the coming period. To ensure consistency, within the framework of this study, the cryptocurrency based on blockchain technology is studied as a cryptocurrency, not extended to others concepts.