Crypto asset services must comply with anti-money laundering regulations, with splitting transactions into multiple low-value amounts being a suspicious sign.
Crypto assets, carbon credits, and 4 other service groups are proposed for early implementation at international financial centers in Ho Chi Minh City and Da Nang.
According to Vietcombank chairman Nguyen Thanh Tung, managing crypto asset risks requires investment in technology and artificial intelligence, as traditional approaches are insufficient.
The government has proposed 15 suspicious indicators for crypto asset transactions to monitor for anti-money laundering, including the fragmentation of transactions into multiple low-value amounts.
Deputy Prime Minister Nguyen Van Thang proposed that Zug canton (Switzerland) and the Crypto Valley Fund enhance cooperation in human resource training and digital asset market infrastructure development for Vietnam.
Domestic investors transacting crypto assets outside of organizations licensed by the Ministry of Finance will incur fines ranging from 30 to 50 million dong.
The draft anti-money laundering law proposes 15 signs of suspicious transactions in the crypto asset sector, including splitting transactions to avoid reporting, using anonymous tools or services, and transacting with unlicensed exchanges.
The program, utilizing a blockchain simulation platform, aims to popularize knowledge about digital assets and the digital economy for participants, commencing on 30/6.
