Innovation and legal compliance in the digital economy

Previously, privately speaking with VTV reporter, Mr. Changpeng Zhao – CEO of Binance – the world’s leading Blockchain development technology group said that he wants to meet with people to share about the applications of the technology. to promote and develop the economy. Mr. Changpeng Zhao also shared, he wants to change people’s view of blockchain.

“Vietnamese young people are very interested in Blockchain technology. And the people here have a solid technical background so they seem to understand a lot of the technical details. So I think the potential is very high. I think that if Vietnam has an opportunity, it will seize that opportunity, it will bring great economic benefits to Vietnam in the future,” – Binance CEO affirmed.

Ngo Duc Thang, Director of the Government Cipher Department affirmed that Blockchain is one of the digital technology fields on the list of priorities for research, development and application for the 4th Industrial Revolution in Decision No. No. 2117/QD-TTg dated December 16, 2020 of the Prime Minister.

In the coming time, the Government will continue to facilitate, encourage and promote businesses to proactively accelerate the process of digital transformation in which Blockchain technology is the mainstay. It is expected that by 2030, Blockchain will create 40 million jobs, 10% – 20% of the global economic infrastructure will run on Blockchain technology systems,” noted Mr. Ngo Duc Thang.

According to Mr. Changpeng Zhao, Blockchain is a new technology for the digital economy. How countries adopt this technology today will have a profound impact on the future of the local economy and the world at large. More and more countries show their determination in grasping and properly applying blockchain technology to life. “I think that clear and effective regulation is essential for blockchain to be applied in every corner of life, not just cryptocurrencies, DeFi or NFT,” said the CEO of Binance.

Changpeng Zhao said that Binance is continuously licensed to operate in France, Italy, Abu Dhabi, Bahrain, Dubai…. is concrete evidence of the company’s compliance with local regulations at all times. “And today, along with the active activities of the Vietnam Blockchain Association, I pledge that Binance will always comply with Vietnamese laws, put users first so that Vietnamese users in particular and users around around the world believe that Binance’s platform is one of the most secure and reliable in the world,” stated CEO Changpeng Zhao.

Also at the event Vietnam NFT Summit – Solutions for a new era, Vietnam Blockchain Association and Binance officially announced the cooperation on research exchange/application of Blockchain Technology and Human Resource Training in Vietnam.

Phan Duc Trung, Vice President of Vietnam Blockchain Association hopes that the cooperation between Vietnam Blockchain Association and Binance will bring value to the business community in Vietnam, creating a workforce that owns the industry. high technology as well as contributing policy advice to the State’s management agencies. Trung said: “In its role, the Association not only plays the role of connecting and gathering the Blockchain community in the country, but also a bridge to bring Vietnamese products to the world as well as attract more people. international resources on Vietnam”.

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