Vietnam will pilot a digital asset exchange at the international financial center

ChainCatcher news, the Vietnamese government has announced a pilot digital asset exchange in the international financial center. Three legal initiatives have laid the foundation for the digital asset sector, including the National Assembly's resolution on developing the financial center, the Ministry of Finance's proposal for a pilot digital asset exchange, and the new law that clarifies the definition of asset categories.

The Ministry of Finance is refining the relevant pilot policies, which are expected to be submitted to the government in August, covering aspects such as issuance, trading, and management. Service providers can independently choose the listed assets, prioritizing those with high liquidity. The authorities emphasize that blockchain is the core infrastructure and will strengthen cybersecurity and risk management. The central bank is studying the model for a central bank digital currency (CBDC).