Lawmakers on August 9 discussed a draft law amending and supplementing a number of articles of the Law on the State Bank of Vietnam, the Law on Anti-Money Laundering and the Law on Credit Institution.
- Lawmakers are discussing amendments to laws concerning the State Bank of Vietnam, anti-money laundering, and credit institutions to enhance banking system safety and support the digital economy.
- Key proposals include stricter controls on conflicts of interest for banks managing corporate bond collateral and preventing the tying of banking services to product purchases.
- The draft law also addresses crypto-asset service providers, aiming to integrate them into reporting frameworks with clear obligations for customer identification, transaction transparency, and compliance with the Travel Rule.
Topics: Legal regulatory, Jurisdictions, Blockchain usage, Securities law classification, Licensing issuer obligations, Cross jurisdictional policy, Regulatory sandboxes pilots, Non evm chains
Tags: #bankingsystemsafety #digitaleconomy #antimoneylaundering #creditinstitution #corporatebonds #collateralmanagement #investorconfidence #conflictsofinterest #cryptoassets #travelrule