Coding money, digital money, virtual money are blooming in Vietnam, but not yet recognized by law, no legal corridor of protection. Coding, digital money, virtual money Vietnam recognized, there was no legal corridor of protection. Money billions of dollars for the Axie Infinity project developed according to NFT (Non-Fungible Tokens) technology running on the Blockchain platform of Sky Mavis, Do Nguyen Middle development is rolling around 3 billion USD with 600,000 players every day. AXS copper issued by Axie Infinity is being traded on many large electronic money trading floors such as BINANCE. This is considered a game project associated with the most valuable encryption in Vietnam
. With this project, COIN98 project, by Le Thanh and Nguyen The Vinh developed in 2017, with floor products Coin98 Exchange, Coin98 Wallet and Coin98 Portfolio asset management system. Particularly C98 has begun trading on a number of poked floors, with current prices of 1.4 USD / dong
The market capitalization value of C98 reached 300 million USD. Next to Tomochain (Tomo) unveiled the official network for its own currency (TOMO code) in 2018, then listed on many trading floors like BINNCE , FTX, Kucoin ... Currently, the price of this currency is 2.75 USD / dong, market capitalization reaches 250 million USD. With it is Kyber Network (KNC) by Luu Thoi Loi, Tran Huy Vu and Yaron Velner developed on many trading floors at the current price of USD 1,46 / dong, capitalization reaching nearly 300 million USD ... The power of Blockchain technology is booming strongly with outstanding applications Chemistry has spread to Vietnam for several years
The above projects are mainly developed in the foreign market, in recent years when the Coin, the vibrant NFT market has received a lot of interest of Vietnamese investors. Mr. Dinh Viet Hung, Chairman of the Fund Investing Vic Partners, founder Joomlart, there are many reasons why the coin encrypts boom in recent years, but the most important is the blockchain market, NFT, Cripto with large amount of money pushed in, helping it grow very Fast. "The non-central financial market is pushing a huge amount of money into this market, helping to grow faster," Mr. Hung said. Dong Nguyen Vinh, co-founder, CEO Coin98 Finance said that the market Cyclic outbreaks. For example, with traditional money, the fluctuating cycle usually takes place for about 10 years, but with money, short and faster cycles, about 4 years. Mr. Nguyen Thanh Trung, Axie Infinity founder - NFT game It is said that in the future, Blockchain technology can vary profoundly to the way people access digital services, especially in the financial sector. If looking at the development path of money, Blockchain or NFT, this technology is too young compared to the banking finance sector. During the journey of hundreds of years, the banking system, traditional finance has developed many tools to maintain transparency and cash flow. From the beginning, Blockchain has solved these problems, so it is necessary to recognize this technology as a better support for society, need coordination instead of skeptical or negative words. "We Being in front of the historical opportunity to catch up, even go ahead of the world's technology. I personally choose Blockchain to start, is also to confirm Vietnam can compete flat with international technology team. We will not stand outside this technology game, "Mr. Trung affirmed. The potential risk of Routines is becoming an informal new investment trend in Vietnam, although not being recognized and protected by law. In Vietnam, the State has not recognized any kind of money or virtual money as a legal payment unit. At the same time, the trading and exchanging of cash also have no regulations in the legal and new system in the period of research. Vietnam has no legal regulations to adjust the issuance, purchase and exchange activities Virtual money, virtual assets, have not yet prescribed the official unit to manage the release and transaction virtual currencies, virtual assets. Therefore, trading activities, exchanging virtual currencies conducted by a number of individuals and organizations in Vietnam through international virtual money exchanges or through the form of a potential direct agreement Many risks, "Vietnam has not yet recognized digital money, there are no virtual money regulations, so if investors are at risk will not be protected. This is not to mention other technical risks and easily loses money like the secret address of e-wallet, hacked by hackers ... ", Finance Specialist Phan Dung Khanh said. According to Mr. Dao Minh Tu, Vice President The State Bank, Bitcoin and other types of cash are not equal to the ordinance, it is the type of virtual asset, virtual money encoded, is a modern product of industrial development. It is not a means of payment and Vietnamese laws that do not allow the performance of the ordinances in Vietnam. Therefore, the use of this virtual currency as a means of payment or means of functions such as . Dịch vụ:
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