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[2] While some states have explicitly allowed its use and trade, others have banned or restricted it. The Cayman Islands has long been a leading offshore jurisdiction for investment funds, as well as a significant global financial centre overall. There currently is a buzz that Vietnam gets its first cryptocurrency exchange and there are many Vietnamese closed communities involved in crypto. Unlike other jurisdiction regions where Crypto is taxed, Vietnam has no crypto taxes. Information provided on Forbes Advisor is for educational purposes only. Cryptocurrency trading is not new and attracts a lot of participants. Vietnam World Bank estimates indicate that just over 61% of the countrys population resides in rural areas, where access to modern banking services is limited. Im a little worried about virtual currencies because though they havent been recognized, people are still trading in them, he said. Includes all forms + live chat support, Ask a Tax Pro, front-of-the-line assistance. In India and elsewhere, regulatory uncertainty persists, although Canada and the United States are relatively friendly to crypto mining. The liberal laws aim to boost the development of a digital economy, and technological innovation. We'd love to hear from you, please enter your comments. When using the content, a link to cryptonews.net is required. Best Crypto Exchange in Vietnam | Top 5 Bitcoin Vietnam WebA. At the same time, according to the governments Decision 1437/2001/QD-NHNN, transferring money abroad for settlement is regulated at USD 50,000 per person per year. In Vietnam, as in many other Asia-Pacific countries, the policy is strict regarding international money transfers and is strictly regulated by the National Assembly and State Bank of Vietnam. Will-Income-From-Cryptocurrency-Be-Taxed-In-Vietnam.pdf, Foreign loans for Vietnamese borrowers Q&A, Online Tax Portal for Non-residents Conducting Cross-border E-commerce and Digital-based Business Activities in Vietnam Is Now Open.
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vietnam crypto tax