According to FinanceFeed, the Vietnamese Ministry of Finance has unveiled an amendment to the Law on Support for Small and Medium-sized Enterprises, which recognizes cryptocurrency as collateral for bank loans. This measure aims to move away from the existing practice of relying on real estate collateral and to bring the liquidity of the cryptocurrency market, with its active participation from individual investors, into the institutional system. The amendment is expected to be submitted to the National Assembly in October and, if passed, will take effect on July 1, 2027.
