Vietnam has made an unexpected turn. New rules for cryptocurrencies. A five-year pilot program. It seems that the government finally acknowledges what was already common among millions of Vietnamese.

Exchange platforms face strict requirements. They need a lot of capital. 10 trillion dong, to be exact. Institutional investors must contribute the majority. Foreign ownership has a cap.

The country has become a key market for crypto assets. Surprising, considering its history. Now, local and foreign investors will be able to operate legally. But beware, after six months, using unauthorized exchanges will be illegal.

All of this is part of something bigger. Vietnam wants to grow with blockchain and digital technology. They dream of double-digit economic growth. Ambitious, isn't it?

Bitcoin is not official currency, of course. But the government is thinking about special zones. More flexible. Perhaps to boost financial innovation. Danang and Ho Chi Minh could become important financial centers. It is not entirely clear how it will work, but it sounds interesting.