Vietnam and Austria discuss financial market supervision and crypto asset regulation
Vietnam and Austria have discussed experience in financial market management and supervision with a particular focus on cryptoassets investor protection and anti money laundering measures
On September 15, Vietnamese Deputy Finance Minister Nguyen Duc Chi met with Mariana Kühnel, the newly appointed executive director of Austria's Financial Market Authority, in Vienna. The two discussed financial market supervision, cooperation, and the growing crypto-asset market. Austrian officials praised Vietnam's initiatives to modernize its financial system in response to rapid technological advancements and the emergence of new asset classes.
Vietnam is developing a supervisory framework for crypto-asset services and investor transactions, focusing on risk management, investor protection, and anti-money laundering measures. The visit also highlighted discussions on supporting small and medium-sized enterprises, as these businesses make up nearly 99% of Vietnam's economy.
The Austrian Financial Market Authority is responsible for implementing and enforcing EU financial regulations within the country, and both sides agreed to strengthen their exchange of experiences and technical cooperation to translate into practical activities.
Written by urgent.news from Vietnam Investment Review's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
