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Vietnamese government to classify digital assets for management

The Vietnamese government aims to classify digital assets, including crypto assets, to ensure effective regulation. The classification will consider usage, technology, and other criteria. This effort will help address the complex and evolving nature of digital assets, ensuring they align with national legal standards and international practices.

Under the proposed Digital Technology Industry Law, digital assets are defined as assets represented in digital form, created, issued, and transferred through digital technology. This involves creating a distinct category for crypto assets, separating them from digital and virtual assets. A clear legal framework is essential for adaptation to current technological advancements.

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