Vietnam Launches Blockchain Association to Conduct Research and Suggest Regulations – Blockchain Bitcoin News

5/20/2022 2:32:00 PM

#Blockchain association tasked to place #Vietnam on the global technology map.

Blockchain, Vietnam

Blockchain association tasked to place Vietnam on the global technology map.

A new blockchain association will help Vietnam to promote its digital economy and position the country on the world’s technology map.

Vietnam Launches Blockchain Association to Conduct Research and Suggest RegulationsA newly established blockchain association aims to help Vietnam promote its digital economy and position the country on the world’s technology map. The organization looks to unite Vietnam’s experts in the field and seek cooperation with blockchain communities around the globe for the research and development of blockchain solutions.

Vietnam to Expand Implementation of Blockchain TechnologiesVietnam Blockchain Association, the first such entity in the country’s crypto space, was launched in the capital city Hanoi on Tuesday, when it held its first congress. The new body’s main purpose is to allow blockchain experts to join forces in promoting the development of Vietnam’s digital economy and help the Asian nation to find its place on the global tech stage.

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31 seconds ago Vietnam Launches Blockchain Association to Conduct Research and Suggest Regulations A newly established blockchain association aims to help Vietnam promote its digital economy and position the country on the world’s technology map.Elon Musk shows that people are looking for something different than the incumbent social media platforms.on Twitter New global tax reporting rules could soon extend into crypto, non-fungible tokens (NFT) and decentralized finance (DeFi), but some worry the Organisation for Economic Cooperation and Development’s (OECD) inflexible framework threatens to constrain a sector that’s still moving fast.Smart Contract Platform Bitcoin posts a small recovery As improvement goes, bitcoin didn't have much about which to crow on Thursday.

The organization looks to unite Vietnam’s experts in the field and seek cooperation with blockchain communities around the globe for the research and development of blockchain solutions. Vietnam to Expand Implementation of Blockchain Technologies Vietnam Blockchain Association, the first such entity in the country’s crypto space, was launched in the capital city Hanoi on Tuesday, when it held its first congress.com News. The new body’s main purpose is to allow blockchain experts to join forces in promoting the development of Vietnam’s digital economy and help the Asian nation to find its place on the global tech stage. The OECD, which sets international guidelines on major tax issues, wants new rules to prevent tax evasion by anyone trying to keep their bitcoin (BTC) hidden overseas, mirroring the procedures that already apply to foreign bank accounts. The association will be tasked to expand relationships with similar organizations and communities around the world, Việt Nam News reported. Ownership over not only the content you create online, but also your profile and social network is long overdue, and empowering users is what Lens aims to achieve. Another key objective will be to attract investment for the country’s blockchain industry and provide training for human resources in the digital sector. The increase outperformed ether, which rose a little more than 3.

It will also be tasked to create favorable conditions for its members to share experience and resources for the research, testing, and deployment of blockchain technologies while abiding by relevant Vietnamese legislation. Lens users that have already minted their NFT profile can access any of the applications such as Peerstream, Lenster, Swapify, Spamdao, and more. The OECD also proposes extending existing banking rules to cover new means of payment such as electronic money and central bank digital currencies. According to a statement by the organization’s chairman, Hoàng Văn Huây, the Vietnam Blockchain Association is committed to raising community awareness and advising the government on the development and adoption of standards and regulations to govern the offering of blockchain-based products and services. The decision to establish the association comes from the Ministry of Home Affairs, VNS noted. Vietnam has been focusing on researching blockchain applications which can be deployed in many industries such as finance, logistics, and retail. At a meeting due in , some industry advocates may plead for a rethink of plans they say could strangle growth, while others are merely hoping the rules can be streamlined to avoid too much administrative heartache. Vietnamese authorities have also supported the development of blockchain solutions that can bring socio-economic benefits. Altcoins have largely trailed bitcoin amid the mushrooming economic uncertainty in recent months.

The Vietnam Blockchain Association begins activities as the government in Hanoi is taking steps to create a legal framework for cryptocurrencies. As Bitcoin. It’s clear why officials might be concerned.com News in March, Vietnamese Deputy Prime Minister Le Minh Khai has instructed several ministries to work with the State Bank of Vietnam on the new framework. Tags in this story .