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Vietnam Blockchain Association coming soon

On the morning of April 29, a document image of the establishment decision of a unit named Vietnam Blockchain Technology Association (Vietnam Blockchain Association) was posted online.

Talking to the press, Mr. Ha Dang Minh, Chief of Office of the Ministry of Home Affairs confirmed that the above document was issued by the Ministry of Home Affairs.

Vietnam is about to have a Blockchain Association - Photo 1.

The decision to establish the Vietnam Blockchain Association was issued by the Ministry of Home Affairs.

According to this decision, the Ministry of Home Affairs allowed the establishment of the Vietnam Blockchain Association from April 27. The association has its own legal status, its own seal and account, and its own funding, headquarters and means of operation. This association is under the management of the Ministry of Home Affairs and related ministries and branches.

Phan Duc Trung, a member of the Campaign Committee of the Vietnam Blockchain Association, said that this unit is expected to hold the congress in May 2022. At that time, the association will elect a board of directors and publish relevant documents.

Although it is in the preparation stage and has not yet finalized the list of participants, the representative of the Vietnam Blockchain Association believes that the composition will be diverse and selective to avoid being misunderstood as a token community.

“This is a technology association, so gathering our members will prioritize those who have experience in blockchain technology research and application in many aspects,” said Mr. Phan Duc Trung.

Trung also shared that the Vietnam Blockchain Association will focus on international cooperation, technology research and application, transfer and evaluation of blockchain-related policies with professional associations, agencies and industries. other.

“Currently, there is no legal framework for blockchain, but many regulatory agencies are interested in other aspects such as information security, cryptocurrency, digital assets, tax… I believe the birth is the birth of the association, with its specialized and diverse members, will help authorities advise on policies beneficial to Vietnam’s digital economy,” said Mr. Phan Duc Trung.

Vietnam is about to have a Blockchain Association - Photo 2.

Previously, the Vietnam Blockchain Union (VBU) was also established in the form of a club, under the Digital Communications Association (VDCA). Photo: Th.A.

In April, there were also 2 units named Vietnam Blockchain Alliance were born. Vietnam Blockchain Alliance Co., Ltd., launched on April 19, is a social enterprise, operating not for profit with the goal of connecting, promoting cooperation and innovation of the domestic and international blockchain industry. gender.

Meanwhile, the Vietnam Blockchain Union (VBU), which was launched on April 21, operates in the form of a club, under the VDCA Digital Media Association. VBU is introduced as an organization that advises and advises regulatory agencies to develop policies and legal frameworks on Blockchain, digital assets and digital currencies in Vietnam.

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