Today, in Crypto, Vietnam has brought digital assets under regulatory inspection, the Crypto market spirit remains strong among the ongoing Israeli-Iran struggle, and Bitcoin ETF records five days of income despite geopolitical stress.
Vietnam legalizes crypto under the new Digital Technology Act
The National Assembly of Vietnam approved the law on the digital technology industry on 14 June, Bringing digital property under regulator monitoring,
According to local media outlets reports, Crypto recognizes assets and forms the basis for widespread digital innovation across the country.
The law classifies digital assets into two categories, including virtual assets and crypto assets. While both rely on encryption or digital technologies for verification and transfer, there are neither securities, digital fiat currencies, or other financial equipment.
The government is now tasked to outline specific business conditions, classification and inspection mechanisms for these asset types.
The law also makes cyber security mandatory and Money-money laundering safety measures Aligned with international criteria, an attempt is likely to address the Financial Action Task Force (FATF) concerns. Vietnam is on the FATF “Gray List” from 2023.
Crypto fear and greed index lives in the sector amidst Israel-Iran conflict
Crypto Fear and Greed Index, which tracks Overall Crypto market spiritThe “greed” region remains in the region despite the growing geo -political stress after Israel started a series of air strikes on Iran.
Index Posted In his Sunday update, a score of 60, despite bitcoin, fell down by 2.8% to $ 103,000 on Friday. After this, there were reportedly explosions 22:50 heard in Tehran on UTC on ThursdayFor which Israel claimed responsibility. Iran reportedly Counterinsurgency On Friday night with “dozens of ballistic missiles”.
On Thursday, the greed score of the index 71 was conducting.
The price of bitcoin declined as it was getting closer to maintaining a high level of all time of $ 111,970 on 22 May. At the time of publication, Bitcoin is trading at $ 105,670, According For coinmarketcap.
Bitcoin ETF has five consecutive days of capital flow
Bitcoin (BTC) Exchange-traded funds (ETF) Five-day flow streak recorded Despite geography and uncertainty in global financial markets in the Middle East.
According to data from Personide Investors, Bitcoin ETF saw more than $ 1.3 billion in inflammation from Monday.
The coin bureau founder and market analyst Nick Pukrin on Friday voiced cautious optimism about the short -term value flexibility of bitcoin. The analyst also said:
“In the long term, bitcoin matters the most that does not have geopent, it is the US dollar index, and DXY is just less than 100, its lowest level in three years. It is clear that the USD is only going in one direction, and bitcoin usually goes in the opposite.”
Despite this, Puckrin warned that all risk-property can take a big hit at the end of this week if stress increases and Iran shuts down the strainer of the hormuzNarrow waterway is an important shipping lane for oil and may have a widespread impact on the global economy.
