legal framework

A meeting between Vietnamese Ambassador to Bulgaria Nguyen Thi Minh Nguyet and Bulgarian Minister of Justice Nikolay Naydenov was recently held. The two sides discussed measures to strengthen legal and judicial cooperation between the two countries in the new phase.

Vietnam is being encouraged to introduce a central bank digital currency (CBDC) to regulate digital transactions and integrate with global cryptocurrencies. The government is also developing a legal framework to govern digital assets amid rising interest and significant financial inflows into the sector.

This analysis provides an overview of cryptocurrency regulations worldwide, particularly in the European Union, the United States, and Singapore, while proposing a regulatory framework for Vietnam.