VTV24 Warns: AntEx Collapse & Vietnam’s Crypto Future

VTV24 Warns, AntEx Collapses: Resolution 05/2025/NQ-CP to Define Vietnam's Crypto Future

Vietnam's cryptocurrency market, while booming with astonishing growth, simultaneously exists in a legal "gray area" fraught with risks. VTV24 news programs have continuously issued warnings about this reality, especially following the shocking AntEx scam. Amidst this backdrop, the government's promulgation of Resolution 05/2025/NQ-CP has become a historical milestone, promising to usher in a new era for Vietnam's crypto industry, moving towards transparency and security.

VTV24 and the State of Vietnam's Crypto Market: Risks and Potential

Vietnam is currently one of the leading countries in cryptocurrency adoption in Asia and ranks among the top 5 globally, with an estimated 17 million Vietnamese owning crypto by 2024. On-chain transaction value is projected to exceed 220 billion USD by 2025. However, this rapid growth is occurring within an incomplete legal environment, exposing investors to numerous risks and leading to tax revenue losses for the state.

The "Gray Area" Market and Hidden Risks

VTV24 and many media outlets have repeatedly pointed out that the lack of a clear legal framework leaves investors unprotected in disputes. This also creates loopholes for money laundering, terrorism financing, and the outflow of foreign currency abroad.

Increased Risk of Scams

From December 2019 to May 2024, authorities detected nearly 20,000 fraud cases, causing losses exceeding 12,000 billion VND. A significant portion of the embezzled funds was converted into crypto assets via international exchanges, making tracing and recovery difficult.

Disclaimer: The content above reflects the author’s personal views and does not represent any official position of Cobic News. The information provided is for informational purposes only and should not be considered as investment advice from Cobic News.