The Government Passed The Proposal To Develop A Decree On Fintech

The Government has just issued Resolution No. 100 / NQ-CP dated September 6, 2021 through the proposal to develop a decree on testing mechanisms to control financial technology activities (Fintech) in the banking sector. It is about to have a legal corridor for that P2P Lending according to that, along with the adoption of the proposal to develop the decree, the Government assigns the State Bank of Vietnam to assume the prime responsibility and coordinate with the Ministry and agencies related to fully acquiring The opinions of government members in too develop the Decree and ensure the provisions of the Law on Promulgation of legal documents (amended and supplemented in 2020) and relevant legal documents, submit to the Government in the fourth quarter of 2021. Legal Language test (Sandbox) for Fintech is being interested in many businesses. Answering the question of the investment newspaper earlier this year, the Leaders of the Payment Department (SBV) said that after the Government concluded, the SBV will develop a decree, expected to issue at the end of 2021 technology

. Development with the rocket speed has made many new business models unprecedented, no legal regulations to adjust (eg P2P Lending model, cross-border money transfer, financial management Personal, sharing user data ..
). All businesses do business in these areas all work moderately between two dark lines. This legal gap is causing many consequences for the market, for users and businesses. Meanwhile, the issuance of legal documents assessed by the enterprise is too delayed. Before that, March, 2021, the Prime Minister had a decision to approve the mobile money pilot (Mobile Money ), Even taking telecommunications accounts to pay for small valuable goods and services. Pilot time for 2 years, from 9/3. There are currently three enterprises that are completing the records to prepare to deploy to Viettel, VNPT and MobiFone. It is known, besides establishing a legal corridor for FinTech, Mobile Money, the SBV is also focusing on completing the Decree instead of The Decree 101/2012 / ND-CP for non-cash payment according to the appraisal opinions of the Ministry of Justice and the draft Payment Development Project in the period of 2021 - 2025 Legal tests Testing (Sandbox) for Fintech is being interested in many businesses. Answering the question of the investment newspaper earlier this year, the Leaders of the Payment Department (SBV) said that after the Government concluded, the SBV will develop a decree, expected to issue at the end of 2021 technology. Development with the rocket speed has made many new business models unprecedented, no legal regulations to adjust (eg P2P Lending model, cross-border money transfer, financial management Personal, sharing user data
..). All businesses do business in these areas all work moderately between two dark lines. This legal gap is causing many consequences for the market, for users and businesses. Meanwhile, the issuance of legal documents assessed by the enterprise is too delayed. Before that, March, 2021, the Prime Minister had a decision to approve the mobile money pilot (Mobile Money ), Even taking telecommunications accounts to pay for small valuable goods and services. Pilot time for 2 years, from 9/3. There are currently three enterprises that are completing the records to prepare to deploy to Viettel, VNPT and MobiFone. It is known, besides establishing a legal corridor for FinTech, Mobile Money, the SBV is also focusing on completing the Decree instead of The Decree 101/2012 / ND-CP for non-cash payment according to the appraisal opinions of the Ministry of Justice and the draft Payment Development Project in the period 2021 - 2025.TL

. Dịch vụ: Thiết kế website, quảng cáo google, đăng ký website bộ công thương uy tín

Related news