Promoting the digital economy is a concern in many countries. Vietnam is particularly interested in the development of cryptocurrency on its territory. This is one of the reasons that led him to create a Blockchain association. What would be the objectives of this association and what are the advantages of its launch?
The missions of the Vietnam Blockchain Association
The recently created Blockchain Association is called Vietnam Blockchain. It was launched last Tuesday in the capital, Hanoi. The first congress of the association also took place today.
A priori, the objective of the Vietnam Blockchain association is to ensure the visibility and notoriety of the country on the technological level. She envisions a global rise of Vietnam in the field of digital economy. To achieve this, the idea is to call on all the experts in the field of cryptography. Their mission is to study and then collaborate with existing blockchain communities around the world.
The expected outcome of such collaboration is the development of blockchain solutions in the country. It is the surest way to climb the ladder to advance in the field of technology and the digital economy.
Apart from the idea of building relationships with other blockchain communities, the association plans to promote investment in Vietnam’s blockchain industry. But to achieve promising results, it first aims to train human resources who master the digital sector.
Research and collaboration are important, but insufficient to develop the digital economy. The association intends to create effective and reliable means to share the experiences acquired. At the same time, it will ensure the deployment of blockchain technologies with the players concerned.
Vietnam Blockchain Facing Hanoi Government
If the use of cryptocurrencies becomes authorized in Vietnam, the government of Hanoi has still decided to create a legal framework governing cryptocurrency. To establish this new framework, many departments must work closely with banking institutions. The order comes directly from Vietnamese Deputy Prime Minister Le Minh Khai.
This ongoing government action does not prevent the association Vietnam Blockchain to initiate its activities and achieve the objectives it has set itself.
Moreover, this association does not aim to question the decisions of the government concerning cryptocurrencies. On the contrary, it is strongly committed to advising the State on the standards and regulations to be adopted in relation to blockchain-based services. As for the government, it fully approves of the creation and launch of the association, the idea even coming from the Ministry of the Interior.
Conclusion
The launch of the Vietnam Blockchain Association is an open door to the development of the digital sector and cryptocurrencies in Vietnam. This association, with its objectives, has the chance to make the country’s digital economy shine. It works with the government to determine the best strategy for managing cryptocurrencies in the country.
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Emile Stantina
Interested in investment and financial markets after a business school in Chambéry, the passion for cryptocurrencies was obvious. The blockchain is surely the universal tool of tomorrow.
