Jason Le | Market Analyst & Growth @Jasonanalyst

THÔNG BÁO VỀ ĐỊNH HƯỚNG HOẠT ĐỘNG TỪ 01/09/2026 Nhằm tuân thủ các quy định pháp luật mới liên quan đến thị trường tài sản mã hóa tại Việt Nam, kể từ ngày 01/09/2026, Jason Blockchain sẽ chuyển sang định hướng kênh thông tin quốc tế, tập trung vào nghiên cứu, tin tức, kiến thức và bình luận thị trường bằng tiếng Anh. Kênh không thực hiện hoạt động quảng cáo, tiếp thị, mời chào, referral/affiliate onboarding hoặc thúc đẩy giao dịch tài sản mã hóa đối với người dùng tại Việt Nam. Nội dung trên kênh chỉ mang tính thông tin và giáo dục, không phải tư vấn đầu tư, tư vấn tài chính, tư vấn pháp lý hay lời mời mua/bán bất kỳ tài sản nào. Người dùng tại Việt Nam vui lòng tuân thủ quy định pháp luật Việt Nam và chỉ sử dụng các sản phẩm, dịch vụ được phép theo quy định hiện hành. Cảm ơn mọi người đã đồng hành trong suốt thời gian qua. @jasonblockchain

It's rare to see a securities company and a crypto exchange share the same stage. On August 22nd, SSI and Binance will co-host the Quant Alpha Talk 2026 at the SSI Tower in Hanoi. The topic of the event will revolve around a question that many people are interested in: what is the boundary between traditional finance and digital assets, and what is the foundation for ensuring the safety of public portfolios? The program will have two main parts. The morning session will begin with a panel discussion on building portfolios before seeking alpha, discussing a multi-layered asset allocation framework that includes digital assets, and the discipline of portfolio management in the face of volatility. The second part is the one I find most noteworthy: a discussion on quantitative trading in practice, from the fundamentals of quantitative trading to how to develop alpha strategies and manage model risk. I personally find it significant that a securities company and a crypto exchange are sharing the same stage, discussing portfolio management. It's not the typical event that separates TradFi on one side and crypto on the other, as is often the case. For those of us who follow both markets, this is a more significant signal than the specific content of the panel itself. The event will take place on Saturday morning, August 22nd, from 8:30 AM to 11:30 AM, at SSI Home, Tu Liem. If you are interested, please register at the link below. 👇 luma.com/kxtarxoh?local… This is not investment advice. Please share this information for your reference. @jasonblockchain

This is the kind of nuance that gets lost when Vietnam’s market is read from the outside through headline numbers alone. I cover Vietnam’s crypto, equity and regulatory landscape for people who need the accurate read, not the surface one. Follow for more analysis in Vietnamese: t.me/jasonblockchain

VIETNAM RANKS 2ND IN THE WORLD ON FTMO Last week, FTMO announced the top 3 countries with the most traders receiving rewards in July. Vietnam ranked second, just behind the UK, and ahead of the US. (Source: Official FTMO account on X. You can search for "FTMO July 2026 rewards" to verify.) Im undoubtedly proud. Vietnamese people are talented, driven, and hardworking. That's true. However, I've been in this market for almost ten years (including my time at SSI and Yuanta, it's probably been more than ten), and I've learned a very important lesson: everyone knows it, but no one wants to practice it, including Jason himself. When you see a seemingly impressive number, the first thing you shouldn't do is celebrate. Instead, you should ask yourself what that number actually represents and what its purpose is. So, I want to sit down with you and explain what FTMO really is, before someone reads this and thinks, "Oh, you can make money on this platform," which would be a huge mistake. FTMO is not a trading platform. It's a "prop firm," a company that provides trading capital. Here's how it works: You pay a fee to participate in a test called a "Challenge." During the challenge, you trade on an account, and if you meet the profit targets without violating the risk rules, you'll be given capital, and you'll share a percentage of the profits. And few people mention that FTMO clearly states on their website that all accounts they provide are demo accounts with virtual money, and all transactions take place in a simulated environment. (Source: ftmo.com, in the footer and FAQ. You can read the line "demo accounts with fictitious funds" yourself.) What does that mean? It means that the "Vietnam ranks 2nd" number doesn't prove that Vietnamese traders are making a lot of real money in the market. It proves that many Vietnamese people are PAYING to participate in their platform, and some of them pass the test to receive rewards. Those are two different things, right? Why is this model so attractive to Vietnamese people? I think there are a few genuine reasons. You can manage a large account with a small initial investment, which is a very appealing feeling, and it's a way to trade without needing a lot of capital upfront. For young people with limited funds but big ambitions, it's very attractive. But here's the other side of the coin: It's a pay-to-play model. You pay to take the test. Most people who take the test don't pass, and that fee is not refundable. The number of people who receive rewards that FTMO boasts about is just the tip of the iceberg. The number of people who paid the fee and failed is much higher, but that's not something they publish. And there's a legal sign that you should pay attention to. In that top 3 list, the US is in third place. But FTMO has stopped providing services to US residents due to legal compliance issues and concerns from regulatory bodies. (Source: FTMO announced restrictions on services for US residents. You can search for "FTMO restricted countries United States.") A model that the world's largest economy has to tighten down on due to legal concerns is at least worth questioning, rather than blindly jumping in just because you see the Vietnamese flag ranked high. I'm not saying that FTMO is a scam. It's a legal model in many places, and some people genuinely make money from it. I just want you to understand what you're paying for and what the actual win rate is before you invest any money. Maybe im gradually becoming allergic to impressive numbers. As always, all content is NOT investment advice. You and your friends should do your own research and take responsibility for your own decisions. Education first. #jasonblockchain

FTMO.com @FTMO_com

2 months ago

Top 3 Countries in FTMO Rewards for July 2026: 1. United Kingdom 🇬🇧 2. Vietnam 🇻🇳 3. United States 🇺🇸  Congratulations! 👏

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FED and Vietnam Higher Interest Rates May Persist, and Why That Matters for Both Vietnamese Stocks and Crypto Last week, the Fed met and held interest rates steady at 3.5% to 3.75%, marking the fifth consecutive meeting this year without a rate hike. However, pay attention to this detail: three members of the committee voted in favor of raising interest rates. There's a high probability of two rate hikes in 2026, rather than the cuts that many are expecting. [Source for this section: CNBC and Fox Business reported on the FOMC meeting on July 29, 2026. You can search for "FOMC July 2026 decision" to compare the 9-3 voting results.] So why is this happening? The main reason is that inflation remains above the Fed's 2% target. Additionally, the Fed now has a new chairman, Kevin Warsh, who advocates for speaking less and avoiding providing too much forward guidance to the market. For those who regularly follow the market, this is something to pay close attention to. When the Fed speaks less, the market will react more strongly to each inflation figure released, rather than relying on the Fed's promises. Simply put, the less the Fed says, the more uncertain people become, leading to wider market swings. What are the implications for Vietnam? This is what I'd like you to consider. When interest rates are high in the US and remain so for an extended period, global capital tends to flow away from riskier assets like stocks and crypto, seeking safer havens with better interest rates. This affects all markets, including Vietnam. It could impact the VN-Index and the flow of capital into the domestic crypto market, especially as digital asset exchanges are officially launched. Furthermore, September of this year is particularly noteworthy because it coincides with the effective date of Decree 284 on September 1st. These two events are not directly related; one is US monetary policy, and the other is Vietnamese legal framework. However, combined, they suggest that September will be a more volatile month than usual for Vietnamese market participants. My perspective I don't know what the Fed will do at its September meeting. However, if the "higher rates for longer" scenario holds true, the market in the second half of this year will be very different from what was expected at the beginning of the year. And if the Fed cuts rates, even by just 0.25%, we can likely say that the market is in an accumulation phase. Let's hope so! This is not investment advice. Do your own research and take responsibility for your decisions. Education first. Sources: CNBC, Fox Business, CNN Business, Kiplinger, Advisor Perspectives (FOMC meeting on July 29, 2026). @jasonblockchain

This week will bring many important insights, and Jason will be providing updates regularly. Wishing everyone a healthy and happy first week of August.

JASON DAILY WEB3 → JASONBLOCKCHAIN Those of you who have been following me for a while may be familiar with the name Jason Daily Web3 or Jason Coin68. From today, i will be changing to jasonblockchain, and this change will be consistent across all channels. After 9 years in this industry, this is the first time I'm changing my name. So, I'd like to explain why. Because the market has just crossed a rather sensitive threshold. On September 1st, Decree 284 will come into effect. Before that, there were Law 71, Resolution 05, and a series of tax and accounting circulars. For the first time in 9 years, the question of whether "cryptocurrency is legal in Vietnam" is gradually getting a clear answer. When the market changes, the way we work must also change. Why "blockchain"? "Daily Web3" was the name of a different era. An era of daily news, hype, and FOMO. But what I've been focusing on for most of the past year is: reading legal documents, following the licensing process, analyzing institutional cash flow, analyzing on-chain data, and also meeting with people in the industry and even lawyers. It's more serious, slower, and I believe it's more beneficial for the long term. Furthermore, "Blockchain" is also the term used by the government when referring to this technology in a formal way. I want to be on that side. What I will NOT change: Education first. I will still not promote specific coins, promise profits, or link to any unlicensed exchanges. I will continue to read the original documents and cite sources properly. To be clear, after September 1st, content related to specific deals and referral links for Vietnamese users will almost disappear. What's NEW: I will delve deeper into three areas: Vietnamese law and the market, the regional and global context, and insights into on-chain data. There will be more content in English, as there are many foreign funds and projects that want to understand the Vietnamese market, but there is almost no reliable English-language information available. Vietnam is the most interesting story in the region right now. I want to tell that story to both sides. Where can you find me? Everything will use the username @jasonblockchain: - Facebook (Vietnamese, main) - Telegram: t.me/jasonblockchain - X (English) - LinkedIn - YouTube The Telegram channel is still where I provide the most up-to-date information. If you haven't joined yet, please do. I will completely discontinue the daily84com brand to focus on providing quality content in one place. Thank you to all of you who have supported Jason for many years. 🙏 Changing the name is easy, but maintaining trust is difficult. I sincerely thank those of you who have been reading me since the beginning. I will do my best to live up to it. Of course, this is still the familiar saying that is beneficial for each individual. It is not investment advice. Do your own research and take responsibility for your own decisions. Education first. #jasonblockchain

3. MISCONCEPTIONS SPREADING ABOUT "VIETNAM BANS CRYPTO" With just over 5 weeks until Decree 284 takes effect, I've noticed 3 common misconceptions spreading within Vietnamese crypto groups this past week. After reviewing the original document, all three are either incorrect or partially incorrect. As always, Jason is not a lawyer, and this is just my personal observation. Misconception 1: "Vietnam bans crypto starting 09/01." Actually, 09/01 is the date the regulations come into effect within a framework of legalization. Looking at the entire process, we can see: Law 71/2025/QH15 recognizes digital assets as property. Resolution 05/2025/NQ-CP initiates a 5-year pilot market. Tax and accounting regulations have been issued. Decree 284 may be the final piece, aimed at penalizing those who operate "outside the framework." Banning and regulating are two different things. Misconception 2: "You must sell all your coins before 09/01, holding coins is illegal." Owning digital assets is a recognized property right under Law 71. There is no provision that penalizes holding. The area of concern is the execution of transactions: domestic investors who trade without going through organizations licensed by the Ministry of Finance may be fined from 30 to 50 million VND. As of today, no exchanges have been licensed. Of the 5 eligible applications, TCEX and SCEX have only passed the first round of evaluation and are currently completing the second round of documentation regarding capital, infrastructure, and system security. This means that no official announcements have been made yet. While the regulations take effect on 09/01, there are no legal exchanges to trade on. The biggest question right now is what the transition mechanism will be for those holding assets on international exchanges. Therefore, please don't take any action based on rumors. Follow official announcements and consult with a lawyer for clarification. Misconception 3: "Posting about crypto will result in a 200 million fine." The 180-200 million fine applies to advertising and marketing activities related to digital assets when a license to provide organized market services has not been granted. It targets the promotion of unlicensed services, not all content about crypto. Reporting, education, and analysis are different from advertising services. However, this line is quite blurry, and it also means that a period of ambiguity has definitely ended: the era of content promoting specific platforms, referral links, and encouraging Vietnamese users to "join this exchange." Anyone creating financial content in Vietnam needs to constantly monitor the law from now on. I am no exception. Jason will continue to read and update on these developments on Telegram: @jasonblockchain This is not investment advice, just notes from someone in the industry. Do your own research and take responsibility for your own decisions. Education first. Source: Decree 284/2026/NĐ-CP (baochinhphu.vn, 17/7/2026), Law 71/2025/QH15, Resolution 05/2025/NQ-CP. @jasonblockchain

This day last year was still very busy. E-Meeting from morning to late at night. The calendar is full of Calendly, tiring but fun. Many quality partners always keep in touch daily. Wait for the law to be clear, let's comply and get on the boat. See you, @KyrosVentures @coin68 @gmvn_official

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Regarding macro trends, there isn't much significant news to share this week. However, in Vietnam, on July 17th, the government issued Decree 284/2026/NĐ-CP regarding administrative penalties in the field of digital assets. It takes effect on September 1, 2026. That's only 6 weeks away. I've read and summarized 3 key points that I think you'll be most interested in. I'm not a lawyer, and this is just my interpretation of the document, not legal advice. 1. Domestic Investors: 30 to 50 million VND The decree stipulates fines ranging from 30 to 50 million VND for domestic investors who trade digital assets without going through an organization licensed by the Ministry of Finance to provide digital asset services, as per Article 7, Clause 2 of Resolution 05/2025/NQ-CP. If the digital asset being traded is only offered to foreign investors, the fine is 70 to 100 million VND. This is a point that many people will overlook, as it doesn't target exchanges or projects directly. It targets the end-users. 2. Advertising and Marketing: 180 to 200 million VND The decree imposes fines ranging from 180 to 200 million VND for providing services related to digital assets without a license, and for advertising or marketing activities related to digital assets without a license to operate a digital asset trading market. If you create crypto content in Vietnam, this is the section you need to read carefully. 3. Account Data: 150 to 200 million VND Collecting, storing, buying, selling, exchanging, or publicly disclosing unauthorized data or information about investors' digital asset accounts carries the highest penalty, ranging from 150 to 200 million VND. This is often overlooked, but it directly impacts groups, channels, communities, and anyone taking screenshots of accounts. Context: I believe this isn't a ban, but rather the establishment of a framework. Decree 284 is the final piece of a larger puzzle: * The Law on Digital Technology and Industry No. 71/2025/QH15 (issued on June 14, 2025, effective January 1, 2026) was the first to recognize digital assets as assets. * Resolution 05/2025/NQ-CP (September 9, 2025) initiated a 5-year pilot program for the market. Now, there are penalties in place. We have a law, a pilot program, and penalties. The framework is now complete. The Ministry of Finance has identified 5 fully qualified and eligible applicants: VIXEX, CTCP Tai San So Viet Nam, CAEX, SCEX, and TCEX. Deputy Minister of Finance Nguyen Duc Chi previously stated that the first activities of the official digital asset market in Vietnam would take place as early as the third quarter. The third quarter is now. However, it's important to monitor the situation closely for updates. I will continue to provide updates. My Personal Perspective: I've been in this market for 9 years. Throughout those 9 years, the answer to "Is crypto legal in Vietnam?" has always been "uncertain." This uncertainty has led to everyone doing what they want, and everyone taking risks without knowing where those risks lie. From September 1st, the answer is no longer "uncertain." It's now "yes, within a framework, and outside that framework, these are the penalties." For someone who creates content like me, that means the industry now has rules. While it might be a bit confusing initially, I actually prefer it this way. I hope to collaborate with licensed exchanges soon. I'll let you know as soon as that happens. This is my interpretation of the document, not legal or financial advice. If you have a specific situation, you should consult with a lawyer. For example, Lawyer Phong, whom Jason interviewed about crypto law 9 months ago on YouTube: youtu.be/-kixoHAwr-k?si… Source: Government Information Portal, baochinhphu.vn, article dated July 17, 2026, regarding Decree 284/2026/NĐ-CP. Disclaimer: NFA. DYOR. Educational purposes only. #jasondailyweb3 #cryptodaily @daily84_com

Financial strategies for Web3 professionals during turbulent times. (Actually, this is the third major downturn since the end of 2017, so I can confidently say this.) Having worked in Web3 marketing for many years, I've noticed a common mistake: people make quick money, experience FOMO, and then lose it just as quickly. Essentially, we get so caught up in projects, trends, and new developments that we forget to manage our own finances. I never advise anyone to borrow money to invest in crypto. My top priority when advising partners or developing strategies for individuals is: sustainability. Recently, many people have been FOMO-ing into buying 0.21 BTC or 2.1 BTC in the hope of achieving financial freedom... because they believe that new financial institutions will drive up the price of Bitcoin. But that's just a number. The important thing is the mindset of accumulation: What are you doing with 5-10% of your monthly income? Are you investing in yourself (improving your skills, increasing your market value) to increase your primary income? Web3 is not a place for pump-and-dump schemes or gambling. In my opinion, it's a tool to optimize your finances if you have the courage to hold core assets in the long term. At the beginning of the week, I remind everyone not to forget discipline with their portfolios. The market may be slow, but your plan needs to stay on track. Disclaimer: This is not investment advice. Do your own research and manage your assets responsibly. #Jasondailyweb3 #cryptodaily #education

In 2018, I was sitting in a café in Vung Tau, explaining to a guy about buying and selling Bitcoin. He asked me a question that I couldn't answer at the time: "Is this legal? Who will protect me if something goes wrong?" I remember mumbling something. Because the truth was, no one did. For years, we've been operating in a gray zone. Not completely illegal, but not officially recognized either. Everything relied on trust and self-protection - those who were careful survived, those who weren't lost out, and there was almost nowhere to turn for help when things went wrong. Today, many years later, I'm witnessing something I couldn't have imagined back then in that café. Vietnam is moving closer to having its first licensed crypto exchanges. Since the beginning of this year, regulators have opened the door for applications, and several domestic companies have passed the initial review. There are even banks participating and foreign capital flowing in. According to the current roadmap, the pilot market could start operating between Q2 and Q3 this year, though everything still depends on the progress of document and infrastructure completion. After going through so many cycles, I've learned not to get too excited or too worried. And I often look to countries that have come before us for lessons. Japan, South Korea, Singapore - each country has its own approach, but when they brought their crypto markets out of the gray zone, the early stages were almost always the same: stricter regulations, fewer options, and many small exchanges being forced out. The token list allowed to trade was narrowed down to the big, established ones. People jokingly call this "building a safe box before opening the market". I think Vietnam will likely go through a similar phase. So I want to say the things that not many people talk about. Having licensed exchanges is a real step forward - it means there will eventually be a place to custody assets domestically, a framework to protect users, and clearer boundaries. But it doesn't eliminate all risks, stop price volatility, or eliminate scams. And in the early stages, domestic exchanges will likely be stricter and offer fewer options than what you're used to on foreign platforms. That's the price of safety and transparency, which I think is worth it, but you should be aware of it to avoid disappointment. In practical terms, based on what's being discussed now, holding assets on foreign exchanges or self-custody isn't currently punishable. Many important details are still awaiting official documents. So instead of panicking and rushing to do something, the wisest thing right now is simply to follow mainstream sources and wait for clear regulations. What I find most beautiful isn't the price or which exchange is about to open. It's something that used to live in the shadows now stepping into the light, slowly, legally, and responsibly. For someone who has been with it since the days when no one protected it, I see it as a gentle change. And if there's one thing I believe after all these years, it's that those who understand this new market early will be the ones who fare best when it truly opens up. All information is for personal sharing and education purposes only, not investment advice. Legal information may change, always check the latest official documents.

Today, Elon Musk's rocket company officially listed on the Nasdaq under the ticker #SPCX, with a valuation of about $1.77 trillion, larger than Tesla on its first day. This is the largest IPO in history. And I see everywhere people asking the same question: should I buy it, where to buy it, is it too late? In fact, after nearly 9 years of watching one hype after another, I think "should I buy it" isn't the most valuable question right now. This time, they reserved about 30% of the shares for individual investors, instead of the usual 5 to 10%. Naturally, millions of people's stock apps now have a "subscribe to buy" button. The order book was oversubscribed many times over. It's a giant FOMO machine, cleverly designed. And this is where it relates to us, those in the digital asset world. For years, one of the biggest trends in crypto has been the tokenization of real assets, or RWA, bringing stocks, bonds, and real estate onto the blockchain. The boundaries between traditional finance and digital assets are blurring. An event like the largest IPO in history, with individual investors' thirst to own a piece, is exactly the kind of demand the tokenization wave is targeting. Two worlds that many people thought were separate are actually converging. But whether it's the hottest stock on the planet or a new token, I see the lesson remains the same. FOMO makes people so afraid of missing out that they forget to ask what they're actually buying, at what price, and why. I'm not saying you should or shouldn't buy it - that's everyone's decision and their own money. I just see that people rarely lose money by missing an opportunity, but often lose it by rushing into something they don't understand just because everyone else is doing it. A private company that's been around for 24 years is now opening its doors to the masses, at a time when an entire industry is quietly dragging traditional finance onto the blockchain. I think the most interesting thing isn't whether you can buy $SPCX in time, but realizing how the way people own assets is changing right before our eyes. And this time, those who understand early are often more relaxed than those who chase after it later. All information is for personal sharing and education only, not investment advice. Always do your own research and consider your own assets carefully. #Jasondailyweb3 #SpaceX #RWA #tokenhoa #Blockchain

@VBA_News yup! quan trọng phải có lời trước đã

Mấy hôm nay mình nhận được kha khá tin nhắn hỏi về thuế crypto. Đa số đều hỏi đúng một câu: “thuế bao nhiêu phần trăm vậy anh?” Mình hiểu, ai cũng lo con số. Nhưng ngồi nghĩ kỹ thì, mình thấy đó chưa phải câu hỏi quan trọng nhất. Câu quan trọng hơn là: lúc nào thì mình phát sinh nghĩa vụ thuế, và mình cần chuẩn bị gì để sau này không bị rối. Để mình chia sẻ lại cho dễ hiểu, theo đúng văn bản, không suy diễn. Thuế thì có thật, và mức không cao. Cá nhân chuyển nhượng tài sản mã hóa qua tổ chức cung cấp dịch vụ phải nộp thuế thu nhập cá nhân 0,1% trên giá trị mỗi lần giao dịch. Cách tính này gần giống thuế chứng khoán mình quen lâu nay. Quy định nằm trong Thông tư 32 của Bộ Tài chính, có hiệu lực từ cuối tháng 3 năm nay. Nhưng đây mới là phần mình thấy nhiều người hiểu nhầm, và nó quan trọng hơn con số 0,1% kia. Thứ nhất, thuế tính trên giá trị từng lần chuyển nhượng, không phải trên lãi. Nghĩa là kể cả lần đó mình không lời, thậm chí lỗ, giao dịch vẫn phát sinh nghĩa vụ thuế. Nhiều người vẫn nghĩ “lỗ thì khỏi tính”, nhưng cơ chế nó không hoạt động như mình tưởng. Thứ hai, nó áp dụng cho giao dịch qua tổ chức cung cấp dịch vụ, và không phân biệt trong hay ngoài nước. Đây là điểm mình mong mọi người để ý, vì gần như tất cả chúng ta hiện vẫn đang giao dịch trên sàn nước ngoài. Thứ ba, và đây là điều mình muốn nhắn nhất: thứ đáng sợ trong giai đoạn này không phải con số thuế, mà là hồ sơ giao dịch lộn xộn. Khi luật chơi đã rõ ràng, cái khiến người ta mệt nhất về sau không phải đóng 0,1%, mà là không có nổi lịch sử giao dịch tử tế để biết mình đã làm gì. Nên nếu hỏi mình nên làm gì ngay từ bây giờ, mình nghĩ chỉ cần một thói quen nhỏ thôi: lưu lại lịch sử giao dịch của mình đều đặn. Nhiều người giữ seed phrase rất kỹ, nhưng lại chẳng lưu lại mình đã mua bán những gì. Sau này nhìn lại mới thấy tiếc. Thật ra mình thấy đây là một tín hiệu tốt. Có khung thuế nghĩa là thị trường đang dần bước ra ánh sáng. Chỉ là, trong lúc giao thời, hiểu cho đúng và chuẩn bị cho gọn vẫn hơn là đoán. Sau gần 9 năm, mình tin một điều đơn giản: trong chuyện tiền bạc, ngăn nắp từ sớm gần như luôn rẻ hơn dọn dẹp về sau. , Mọi thông tin chỉ mang tính góc nhìn cá nhân và giáo dục, không phải lời khuyên đầu tư hay tư vấn thuế. Luôn tự nghiên cứu (DYOR) và tuân thủ pháp luật nơi bạn sống. #jasondailyweb3 #blockchaineducation #cryptoeducation #thuecrypto

Recently, many people have been messaging me with similar questions, like "Is crypto legal in Vietnam now, right? So it's safe to trade freely now, huh?" I understand why people are excited. Since the beginning of this year, Vietnam has officially recognized cryptocurrencies as a type of asset under the law. This is a huge step forward after years of the market operating in a legal gray area. Vietnam is one of the first countries in the world to do this, and with nearly 17 million Vietnamese participating (and at one point, over 21 million), it's truly a significant milestone. But upon reflection, I've noticed a common misunderstanding that I want to clarify, as it directly affects your wallet. "Legal assets" and "licensed exchanges" are two completely different things. The law recognizing crypto as an asset means that owning it is legally protected. But where you buy and sell it is a separate matter. Currently, Vietnam is still in a pilot phase, with the government reviewing applications from a select number of domestic businesses to obtain licenses to operate exchanges, and the first official exchanges are expected to start operating this year. This means that right now, almost all of us are still trading on foreign exchanges that are not subject to Vietnam's regulatory framework. And this is the most concerning part for me. Even the authorities have warned that there are unlicensed, self-proclaimed platforms promoting themselves as legitimate. Newcomers are easily lured by the word "legal" and end up depositing their money into platforms that haven't been verified by anyone. In fact, after nearly 9 years in this market, I've learned that the biggest reason people lose money isn't due to market volatility, but rather from misunderstanding the rules and assuming they understand when they don't. Legalization is good news, I believe. But it doesn't mean there's no risk anymore. It just means that the rules will become clearer over time. In this interim period, I think everyone should slow down, understand where they stand, where their assets are located, and whether that location is truly safe. Perhaps in a market where everyone is in a hurry, those who move slowly but understand clearly will ultimately go the farthest. , All information is for personal and educational purposes only and does not constitute investment advice. Always conduct your own research (DYOR) and comply with the laws of the jurisdiction where you live. #jasondailyweb3 #blockchaineducation #cryptoeducation #Web3