The move comes after Vietnam was added to the Financial Action Task Force (FATF) “grey list” in 2023 for AML/CTF enforcement deficiencies.
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Vietnam ends crypto ‘Grey Zone’ with sweeping new digital asset legislation
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Vietnam’s new crypto law introduces safeguards intended to align with FATF guidelines and enhance investor confidence by providing clearer regulatory rules, following the country’s 2023 placement on the FATF grey list due to deficiencies in anti-money laundering and counter-terrorism financing enforcement
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