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Vietnam Central Bank Expects Credit Growth to Drive Liquidity into Cryptocurrency Market
Summary: In breaking news, according to Cointelegraph citing Reuters, the State Bank of Vietnam (Vietnam Central Bank) expects credit growth to reach around 20% by 2025, potentially leading to liquidity flowing into the global cryptocurrency market as cryptocurrency applications in the region continue to grow. Vietnam Central Bank Deputy Governor Pham Thanh Ha stated on Friday ...
In breaking news, according to Cointelegraph citing Reuters, the State Bank of Vietnam (Vietnam Central Bank) expects credit growth to reach around 20% by 2025, potentially leading to liquidity flowing into the global cryptocurrency market as cryptocurrency applications in the region continue to grow.
Vietnam Central Bank Deputy Governor Pham Thanh Ha stated on Friday the need for further interest rate cuts to boost economic growth and mitigate uncertainties from U.S. tariffs. As part of broader tech regulatory measures, the Vietnamese government legalized cryptocurrencies in June, categorizing them into virtual assets representing real-world tokenized products and cryptocurrencies like Bitcoin and Ethereum. However, under new cryptocurrency regulations and a 5-year sandbox pilot program launched in September, the government prohibits issuing on-chain fiat-backed assets, including stablecoins and securities.
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