Traditional assets in tokenized form are expected to reach a staggering US$16 trillion by 2030, with millions of people already holding digital assets. Against this backdrop, regulators are being urged to introduce a legal framework for digital assets and cryptocurrencies to safeguard investors and prevent asset losses. Vietnam cannot stay on the sidelines On January 20, Bitcoin, the world’s most valuable cryptocurrency, soared past the US$109,000 mark, setting a new record amid optimism that U.S. President Donald Trump would ease regulations on the crypto industry. However, by February 27, its price had plummeted below US$85,000, marking a 20% decline against the previous month. Other cryptocurrencies have experienced even sharper drops, driven by fears that Trump’s tariff policies could put speculative assets at greater risk. Market jitters were further exacerbated by a high-profile theft of Ethereum, the world’s second-largest cryptocurrency, from the Bybit exchange. These events have delivered a significant blow to individual investors’ net worth. According to CoinMarketCap, the global cryptocurrency market’s total capitalization has plunged by US$810 billion since its peak in January 2025. In Vietnam, it is not uncommon to hear stories of individuals making quick fortunes through crypto trading—only to lose it all just as fast. N.B.H., […]