Vietnam Advances Cryptocurrency Legal Framework

Amendments to the tax code are expected to be presented to the Council of ministers by the end of the month
08 January 2018   734

The government of Vietnam has undertaken steps to accelerate the adoption of cryptocurrency regulation. Deputy Prime Minister Vuong Dinh Hue has asked the Ministry of Justice and the State Bank to complete the legal framework and report to the government. Amendments to the tax code are expected to be presented to the Council of ministers by the end of the month.

The central bank of Vietnam will assume responsibility for proposing amendments to the taxation laws. Respective supplements related to cryptocurrencies should be promulgated soon after the introduction of the regulatory regime. The exact tax rates and their scope in regards to income and profit from trading and mining are still to be defined.

In addition to the legal framework for managing Bitcoin, the finance ministry has been urged to complete a project on expanding the tax base of the non-state sector. And the Ministry of Planning and Investment was asked to provide a statistical overview of the whole Vietnamese economy. 

Caspian to Launch Crypto Derivatives Trading

Caspian does not charge commissions for depositing and withdrawing funds and provides leverage up to 100x
21 March 2019   81

Caspian, an asset-oriented asset management platform, has launched cryptocurrency derivatives trading.

Thanks to integration with Deribit, Caspian customers gained access to trading in futures and options for Bitcoin and Ethereum. Also, the platform will provide the opportunity to trade indefinite bitcoin-swap.

According to Caspian, the platform does not charge commissions for depositing and withdrawing funds and provides leverage up to 100x.

We are excited to be working with Deribit to make the trading of crypto options and futures possible within the institutional community. Our goal at Caspian is to provide crypto traders and investors the same standard of tools and service that exist in the traditional markets and its great knowing that the team at Deribit is working towards the same high standards.
 

Robert Dykes

CEO, Caspian

Caspian noted that their platform connects to Deribit via an API that supports “large trading volumes with extremely low latency”. The platform also has full access to the book of orders of the crypto-derivative stock exchange.