#AmericanBitcoinLaunch

Vietnam is getting closer to legalizing cryptocurrency transactions. This move not only provides a clear legal framework for the market but also opens up opportunities to increase tax revenue.

As the global cryptocurrency market continues to expand, many countries are introducing various tax models to manage and control this type of digital asset.

However, Dr. Chu Thanh Tuan - Deputy Head of the Business Administration program at RMIT University Vietnam - believes that building an effective tax system should not only aim at creating new revenue sources for the budget but also ensure that this policy does not weaken the market or lead to capital flight to other countries.