VIETNAM DROPS TAX BOMB ON CRYPTO
Entry: 37.5 🟩
Target 1: 42.0 🎯
Target 2: 45.0 🎯
Stop Loss: 35.0 🛑
Massive news out of Vietnam. Personal crypto transfers are facing a 0.1% transaction tax. This mirrors current stock trading taxes. The Ministry of Finance has proposed this. Individual investors are hit regardless of residency. Institutional investors face a 20% corporate income tax on profits. VAT is exempt for crypto transactions. A legal definition of crypto assets is now in place. Digital asset exchanges need 10 trillion VND capital. Foreign ownership is capped at 49%. This is a game-changer for the market.
Disclaimer: This is not financial advice.